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Adopted text

Effective coordination of economic policies and multilateral budgetary surveillance

TA-9-2024-0311 · P9_TA(2024)0311 · PE754.668

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✦ In short · AI summary of this text, generated 26 Sept 2026

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Parliament adopted its first-reading position on a regulation on the effective coordination of economic policies and multilateral budgetary surveillance, repealing Council Regulation (EC) No 1466/97. The position corresponds to the final legislative act, Regulation (EU) 2024/1263, after an agreement was reached between Parliament and Council. Parliament calls on the Commission to refer the matter to it again if it replaces, substantially amends or intends to substantially amend its proposal.

Key points

  1. Parliament adopts its position at first reading on the proposed regulation on the effective coordination of economic policies and multilateral budgetary surveillance.
  2. The proposed regulation would repeal Council Regulation (EC) No 1466/97.
  3. Parliament calls on the Commission to refer the matter to Parliament again if it replaces, substantially amends or intends to substantially amend its proposal.
  4. As an agreement was reached between Parliament and Council, Parliament's position corresponds to the final legislative act, Regulation (EU) 2024/1263.

Who is affected

  • Member states, which would be subject to the regulation on economic policy coordination and budgetary surveillance.
  • The Commission, which would have to refer the matter to Parliament again if it substantially amends its proposal.

Legal basis: Article 294(2) and Article 121(6) of the Treaty on the Functioning of the European Union.