“We have to be serious as regards fiscal policy and we will be. We believe in fiscal seriousness,” National Economy and Finance Minister Kostis Hatzidakis said while briefing the parliament’s Finance and European Affairs Committees on Thursday.
“The European compromise as regards the adoption of the new economic and fiscal framework is good for our country,” Hatzidakis said, referring to the course of the deliberations on the reform of the EU’s economic governance framework.
The minister also underlined that the new framework is expected to be approved by the European Parliament by the end of April to come into effect in 2024. This means that national budgets from 2025 onwards will be governed and affected by the new fiscal rules, adding that with the new framework, “fiscal responsibility is combined with economic development”.
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