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International Business Times
International Business Times
World
Daniel Aronssohn

New EU Spending Rules Bring Back Debt Discipline Focus

The EU's spending rules, known as the Stability and Growth Pact, were suspended between 2020 and 2023 (Credit: AFP)

With an energy crisis and record high inflation in the EU's rearview mirror, Brussels believes the time has come for the bloc to focus on ensuring sound public finances.

New spending rules will be voted on in the European Parliament on Tuesday. Once in place, each member state will be required to get national spending under control, but with built-in flexibility for investment.

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