Regulation (EU) 2024/1263 of the European Parliament and of the Council of 29 April 2024 on the effective coordination of economic policies and on multilateral budgetary surveillance and repealing Council Regulation (EC) No 1466/97 CHAPTER VI — TRANSPARENCY AND ACCOUNTABILITY

Article 27–Article 30・4 provisions

Role of the European Parliament

Article 27

1. The European Parliament shall be involved in a regular and structured manner in the European Semester in order to increase transparency, accountability and ownership for the decisions taken, in particular by means of the economic dialogue referred to in Article 28. 2. The Commission shall transmit to the European Parliament the national medium-term fiscal-structural plans submitted by the Member States. The Commission shall inform the European Parliament of its overall assessment of those national medium-term fiscal-structural plans. The competent committee of the European Parliament may by means of the economic dialogue referred to in Article 28 request the Commission to appear before it. On such occasions, the Commission may be invited to present its assessment of the national medium-term fiscal-structural plans. 3. The President of the Council and the Commission shall regularly inform the European Parliament on the results of the multilateral surveillance under this Regulation. 4. The President of the Council and the Commission shall include in their report to the European Parliament the results of the multilateral surveillance carried out under this Regulation. 5. The President of the Eurogroup shall report each year to the European Parliament on developments in the area of multilateral surveillance pertaining to the euro area. 6. The Commission shall prepare and transmit to the Council at least the following information and make that information available to the European Parliament without undue delay: (a) the debt sustainability assessments and its methodological framework, once published; (b) the national medium-term fiscal-structural plans submitted by the Member States, including the reference trajectories and the net expenditure paths, and any revisions thereof; (c) the annual progress reports submitted by the Member States; (d) the Commission assessments and recommendations to the Council pursuant to Articles 17 to 20 of this Regulation; (e) where relevant, the Commission’s analysis of the economic and social developments published as part of the European Semester; (f) Commission warnings pursuant to Article 121(4) TFEU; (g) in the case of activation of the escape clauses pursuant to Article 25 or 26 of this Regulation, the Commission’s analysis establishing that fiscal sustainability over the medium term will not be endangered. 7. The competent committee of the European Parliament may invite the Commission at least twice a year to provide information on the results of multilateral surveillance in the economic dialogue referred to in Article 28 of this Regulation.

Economic dialogue

Article 28

1. In order to enhance the dialogue between the institutions of the Union, in particular the European Parliament, the Council and the Commission, the European Parliament may invite the President of the Council, the Commission and, where appropriate, the President of the European Council or the President of the Eurogroup, to appear before the European Parliament to discuss the policy guidance issued by the Commission to Member States, the conclusions of the European Council and the results of multilateral surveillance pursuant to this Regulation. 2. The Economic and Financial Committee, the Economic Policy Committee, the Employment Committee and the Social Protection Committee shall be consulted in the context of the European Semester where appropriate. 3. Relevant stakeholders, in particular the national parliaments and social partners, shall be involved in the context of the European Semester, on the main policy issues where appropriate, in accordance with the provisions of the TFEU and national legal and political arrangements. 4. The competent committee of the European Parliament may invite the President of the Council, the Commission, and, where appropriate, the President of the European Council or the President of the Eurogroup to discuss the national medium-term fiscal-structural plans, as well as the other information listed in Article 27(6). 5. The President of the Council, and the Commission in accordance with Article 121(5) TFEU, and, where appropriate, the President of the Eurogroup, shall report each year to the European Parliament and to the European Council on the results of the multilateral surveillance.

Comply or explain rule

Article 29

The Council is expected to, as a rule, follow the recommendations and proposals of the Commission or publicly explain its position.

Dialogue with a Member State

Article 30

The competent committee of the European Parliament may offer the opportunity to a Member State which is the subject of a Council recommendation pursuant to Article 121(4) TFEU to participate in an exchange of views.

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