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The role of fiscal rules in relation with the green economy
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The role of fiscal rules in relation with the green economy

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This paper discusses the analytical basis for facilitating green public investment under the Stability and Growth Pact fiscal rules. It concludes that additional public debt created by deficit-financed green public investment is likely to increase fiscal sustainability risks. However, such additional risks could be justified to avoid the economic damages (which would also have long run consequences for public finances) arising in the absence of sufficient green public investment. Tre trade off could be improved if green public investment were financed through EU debt. This document was provided by the Economic Governance Support Unit and Policy Department A at the request of the ECON Committee.
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ISBN 978-92-846-7022-2
DOI 10.2861/690903
Número de catálogo QA-03-20-579-EN-N
ISBN 978-92-846-7021-5
DOI 10.2861/67568
Número de catálogo QA-03-20-579-EN-C
PDF
ISSN ISBN 978-92-846-7022-2 DOI 10.2861/690903 Número de catálogo QA-03-20-579-EN-N
Papel
ISSN ISBN 978-92-846-7021-5 DOI 10.2861/67568 Número de catálogo QA-03-20-579-EN-C
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