The EU Recovery Instrument and the constitutional implications of its expenditure

In a decisive determination to support economic recovery in the aftermath of the Covid-19 pandemic, the EU formulated an ambitious countercyclical fiscal expansionary policy. The pandemic coincided in time with the elaboration of the new 2021-2027 Multiannual Financial Framework, and this allowed th...

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Detalles Bibliográficos
Autor: Porras-Gómez, Antonio-Martín
Tipo de recurso: artículo
Estado:Versión aceptada para publicación
Fecha de publicación:2022
País:España
Institución:Universidad de Barcelona
Repositorio:Dipòsit Digital de la UB
OAI Identifier:oai:diposit.ub.edu:2445/219489
Acceso en línea:https://hdl.handle.net/2445/219489
Access Level:acceso abierto
Palabra clave:Dret constitucional comunitari
Països de la Unió Europea
Pandèmia de COVID-19, 2020-
Community constitutional law
European Union countries
COVID-19 Pandemic, 2020-
Descripción
Sumario:In a decisive determination to support economic recovery in the aftermath of the Covid-19 pandemic, the EU formulated an ambitious countercyclical fiscal expansionary policy. The pandemic coincided in time with the elaboration of the new 2021-2027 Multiannual Financial Framework, and this allowed the shaping of the entire financial programming process on the pattern of the intended fiscal expansion. The EU Recovery Instrument was adopted in December 2020 as an exceptional, one-off initiative allowing increased budgetary payments until December 2026.