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A7-050: Regarding the Creation of a Fiscal Union

The following table describes the status, the proposer and other metadata of this amendment.
Metadata of the amendment
Motion:Regarding the Creation of a Fiscal Union
Proposer:JEF Netherlands (decided on: 04/16/2026)
Status:Screened
Submitted:Yesterday, 18:20

Motion text

From line 49 to 50:

union, as borrowing without sovereign taxing power incurs higher costs and offers less favorable terms for most Member States than national debt;[Space]

● Highlighting the asymmetry in Union borrowing, whereas the Union budget may not include proceeds from borrowing but carries the liabilities created by common borrowing, as illustrated by e. g. Next Generation EU;

Reason

The current borrowing mechanism ensures that the borrowed money cannot be added into the normal budget but the repayment is done via the normal budget. This makes for a strange asymmetry that we would like to highlight as it should not exist in a federal Europe. Instead, both the borrowed money as well as the repaiment should be part of the budget.