Questions and Answers on the Economic Governance Review

A new economic governance framework fit for the future enters into force

The new EU economic governance framework designed to strengthen debt sustainability and promote sustainable and inclusive growth in all Member States entered into force on 30 April 2024. 

It represents the most ambitious and comprehensive reform of the EU’s economic governance rules since the economic and financial crisis.

Entry into force of the new economic governance framework fit for the future

1. What are the main objectives of the new economic governance framework?

The main objectives of the new economic governance framework are to strengthen debt sustainability and promote sustainable and inclusive growth in all Member States through growth-enhancing reforms and priority investments. The framework will help make the EU more competitive and better prepared for future challenges by supporting progress towards a green, digital, inclusive and resilient economy, also bolstering Europe's security capacity.

The reforms seek to ensure that the framework is simpler, more transparent and effective, with greater national ownership and better enforcement. They take into account the need to reduce increased public debt levels, including as a result of the COVID-19 pandemic, in a realistic, gradual and sustained manner. The new framework also builds on the lessons learned from the EU policy response to the financial crisis where a lack of investment hampered a swift economic recovery. (...) 

Questions and Answers on the Economic Governance Review