27/01/17
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The fiscal stance reflects the orientation that governments give to fiscal policy to influence economic developments. To do so, they need to strike a balance between supporting the economic recovery and preserving sustainable public finances.
The importance attributed to stabilisation and sustainability has to reflect country-specific situations. A restrictive fiscal stance implies that additional revenues outweigh additional expenditures: it aims to strengthen the sustainability of public finances. An expansionary fiscal stance implies providing stimulus to economic growth. In the current context, the Commission is calling for a significantly more positive fiscal stance, including in terms of budgetary composition, for the euro area as a whole to overcome the risk of "low growth, low inflation", and to support the monetary policy of the European Central Bank.
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