Regulation (EU) 2023/734

What it is

to amend Regulation (EU) No 549/2013 in order to maintain the relevance of the revised European System of Accounts (ESA 2010) as regards its conceptual basis and transmission programme and thus create common statistical standards allowing the production of harmonised national accounts data. PROPOSED ACT: Regulation of the European Parliament and of the Council. ROLE OF THE EUROPEAN PARLIAMENT: the European Parliament decides in accordance with the ordinary legislative procedure and on an equal footing with the Council. BACKGROUND: Regulation (EU) No 549/2013 of the European Parliament and of the Council 6 , which established the revised European System of Accounts (ESA 2010), contains the reference framework of common standards, definitions, classifications and accounting rules for drawing up the accounts of the Member States for the statistical requirements of the Union, in order to obtain comparable results between Member States. The Committee on Economic and Monetary Affairs adopted the report by Irene TINAGLI (S&D, IT) on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 549/2013 and repealing 11 legal acts in the field of National Accounts. The committee responsible recommended that the European Parliament's position adopted at first reading under the ordinary legislative procedure should amend the proposal as follows: The objective of the proposal is to create common statistical standards that allow the production of harmonised national accounts data, for the sake of overall consistency. Regulation (EU) No 549/2013 of the European Parliament and of the Council, which established the revised European System of Accounts (ESA 2010), contains the reference framework for common standards, definitions, classifications and accounting rules to enable the compilation of Member States' accounts for the statistical requirements of the Union, in order to obtain comparable results between Member States. The proposed regulation would (i) amend the references to the classification of individual consumption by purpose (COICOP) in Annex A to take account of the 2018 update of COICOP and (ii) update the transmission programme of national accounts data and related metadata (set out in Annex B) should be updated to take into account changing user needs, NextGenerationEU, and new policy priorities, and the development of new economic activities in the Union. The amended text stressed that periodic updates are needed to take into account the interaction between globalisation, the green and digital transitions and national accounts in order to provide decision-makers with the necessary data and knowledge in order to ensure competitiveness, financial stability, budgetary resilience, sound public finances and fair tax policy. In the context of launching initiatives such as NextGenerationEU, the statistical accounts of the EU institutions and bodies should be properly reflected in EU statistics. Technical work should be pursued for that purpose, so that a robust methodology is developed allowing for the compilation and dissemination of those accounts by the Commission (Eurostat) with regular reports…

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