Tax & Spend
Euro-Area Finance Chiefs Agree Need for Prudent Fiscal Policies
- Eurogroup comments in statement on 2024 fiscal guidance
- Eurogroup reiterates broad-based stimulus no longer warranted
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The euro zone’s finance ministers agreed on the need for prudent fiscal policies that ensure debt is sustainable over the medium-term and boost growth in a sustainable way through investment and reforms.
The European Commission last week issued budgetary guidance for next year in which it called on member states to rein in generous spending permitted to help households and businesses through the Covid pandemic and energy crisis as it sets out a return to greater discipline.