European Fiscal Board

The EFB is an independent body mandated to advise the European Commission on the application of EU fiscal rules and the overall direction of fiscal policy.

[European Fiscal Board @EFB_EU]

Our extended and updated Forecast Tracker is out https://t.co/mP6AAMdiq0 It is a one-stop-tool for all researchers and interested parties who want to assess a key element of fiscal policymaking in the EU: official macroeconomic and fiscal projections.

[European Fiscal Board @EFB_EU]

The EFB’s latest report takes stock of whether and how Member States are on track to strengthen national independent fiscal institutions (IFIs): https://t.co/KEsmHVjEya Conclusion: work in progress and still some way to go.

[European Fiscal Board @EFB_EU]

A new https://t.co/Cwc5VvZgfs column with the EFB chair, Pieter Hasekamp, reviews the implementation of the new EU fiscal rules: https://t.co/IjY4TPbQCQ

[European Fiscal Board @EFB_EU]

Just published: a new report by the European Fiscal Board https://t.co/N1nE3EAa3h Under the new EU Fiscal Framework, the EFB will publish its analysis and policy advice more frequently during the course of the year:

[European Fiscal Board @EFB_EU]

A new piece with Prof. Eckhard Janeba, member of the EFB, in @Zeitschrift_WD offers an assessment of the rollout of the new EU fiscal rules: https://t.co/J611RnmT3B

[VoxEU @voxeu]

Trailing with a margin: Official macro forecasts in EU fiscal surveillance
Martin Larch @EFB_EU, Antonino Barbera Mazzola @EU_Commission
https://t.co/2E09IemPe7

[European Fiscal Board @EFB_EU]

A new VoxEU article promotes the first extension of our Forecast Tracker: https://t.co/V7hQ4rrAvj

The Forecast Tracker is available here: https://t.co/mP6AAMdiq0

[European Fiscal Board @EFB_EU]

Important update on the 2025 EFB annual conference: papers and presentations are now available on our website, including the keynote speech by Commissioner Valdis Dombrovskis. Check them out!

https://t.co/YsMEsyZdgS

[European Fiscal Board @EFB_EU]

The 7thannual conference of the EFB took place today. It was kicked off with a keynote speech by Commissioner Valdis Dombrovskis. Leading economists and experts explored the implications of national escape clauses in the EU’s new fiscal framework:

🔸https://t.co/2oqQA6ORyV

[European Fiscal Board @EFB_EU]

On 13 November the EFB’s 2025 annual report was on the agenda of the ECOFIN council. @PieterHasekamp, the EFB chair, presented key findings and recommendations to ministers.

🔶https://t.co/UcPdh9l95k

[Valdis Dombrovskis @VDombrovskis]

Pleased to speak at today’s @EFB_EU annual conference.

Despite the challenges we face, our commitment to fiscal sustainability must remain unwavering.

It remains the basis for a strong and sustainable European economy.

Read my remarks ▶️ https://t.co/bAPheSDn9R

[European Fiscal Board @EFB_EU]

On 22 October, the European Fiscal Board (EFB) published its ninth Annual Report (2025).

👉 It is now available on the EFB website:

https://t.co/UcPdh9lGUS

[European Fiscal Board @EFB_EU]

Yesterday, Pieter Hasekamp, the EFB Chair, presented the 2025 Annual Report to the College of Commissioners. The report will be out soon. Stay tuned.

[European Fiscal Board @EFB_EU]

Today, Pieter Hasekamp, the EFB Chair, was at the annual ECB conference with fiscal councils to discuss how to balance fiscal sustainability with growing spending pressures.

[European Fiscal Board @EFB_EU]

🌍Save the date!

Join us for our 2025 Annual Conference: "Sustainability in times of national escape clauses"

📅14 November, Brussels and online

🔗Register here:

https://t.co/Jc0zUVzr4g

[European Fiscal Board @EFB_EU]

Pieter Hasekamp, Chair of the European Fiscal Board, presented the EFB’s latest assessment of the appropriate fiscal stance for the euro area to the Eurogroup presided by the old and new President, Paschal Donohoe.

[VoxEU @voxeu]

Keeping an eye on budgetary forecasts: The new Forecast Tracker of the Secretariat of the European Fiscal Board
Martin Larch @EFB_EU, Antonino Barbera Mazzola @EU_Commission
https://t.co/PejdAMUdbP

[European Fiscal Board @EFB_EU]

Today, the new EFB chair Pieter Hasekamp met Commissioner Dombrovskis in Brussels for a first exchange of view. They touched upon current fiscal developments and the implementation of the reformed surveillance framework.

[European Fiscal Board @EFB_EU]

https://t.co/B5zBpAjxY7

[European Fiscal Board @EFB_EU]

🔶The EFB's assessment of the appropriate fiscal stance for the euro area in 2026 is out! Some key points on this thread

[European Fiscal Board @EFB_EU]

EFB recommends:

🔶 Fiscal restraint needed in 2026, excluding defence spending
🔶Flexibility under escape clauses only for defence spending increase
🔶 States using escape clause must have medium-term plans with matching non-defence adjustments starting in 2026