Allocations for Spending

The European Commission has unveiled the European Semester 2024, a framework for budget planning and analysis within the European Union. This comprehensive guide provides rules and guidelines for long-term budget forecasts, permissible expenditure growth, and country-specific recommendations for the years 2024 and 2025.

The Spring Package, including new EU Fiscal Rules for 2024, was transmitted by the European Commission in June 2024. Alongside this, the European Commission also transmitted country-specific reference paths for permissible expenditure growth in 2024.

The Budget Service, responsible for analyzing the annual budget, the federal financial framework, long-term budget forecasts, and all submissions within the European Semester, has provided information on the current budget situation and its challenges for budget planning from 2025 onwards.

However, the European Semester 2022 does not seem to pertain specifically to budget development for the years 2024 and 2025. It does cover the implementation status of recovery and resilience plans, but does not include rules and guidelines for long-term budget forecasts.

The analysis encompasses the National Reform Programme 2023, which includes measures to implement country-specific recommendations. New EU fiscal rules, centering on expenditure growth, will be enacted as of April 30, 2024.

The European Semester 2024 pertains to budget development for the years 2024 and 2025. The overall state budget development until 2026, according to the Austrian Stability Programme 2022 to 2026, is also explained in the analysis.

It's important to note that the transmission of the Spring Package and the country-specific guidance for allowed expenditure growth in 2024 was conducted by the European Semester institution. However, the European Commission did not transmit the Spring Package or the new EU Fiscal Rules for 2024 in the context of the information provided.

In conclusion, the European Semester 2024 offers a comprehensive guide for budget planning and analysis within the European Union, providing rules and guidelines for long-term budget forecasts, permissible expenditure growth, and country-specific recommendations for the years 2024 and 2025. The Budget Service also provides valuable information on the current budget situation and its challenges for budget planning from 2025 onwards.