| Author (Corporate) | Council of the European Union, European Parliament |
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| Series Title | Official Journal of the European Union |
| Series Details | L 129 |
| Publication Date | 19/05/2017 |
| Content Type | Legislation |
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Summary: On 26 November 2015 the European Commission presented a proposal for a Regulation establishing the Structural Reform Support Programme 2017-2020, and amending Regulations (EU) No 1303/2013 and (EU) No 1305/2013. The European Parliament and the Council of the European Union adopted the new Regulation on 17 May 2017. Further information: The creation of a sound regulatory and institutional environment and a smoothly-functioning economy are essential for making gains in competitiveness, encouraging investment, fostering employment creation, raising living standards and producing sustainable growth across Union Member States. Many economies in the Union have been undergoing and continue to undergo adjustment processes to correct macroeconomic imbalances accumulated in the past and many are facing the challenge of low potential growth. This situation is often a result of delayed or insufficient structural reforms in the respective economies. The Union has identified the implementation of structural reforms among its policy priorities to set the recovery on a sustainable path, unlock the growth potential to strengthen the adjustment capacity, and support the process of convergence. Against this background, it is necessary to establish a Structural Reform Support Programme with the objective of strengthening the overall capacity of Member States to prepare and implement growth-enhancing institutional, structural and administrative reforms, including through assistance for the efficient and effective use of Union funds, to the extent that these Member States request support from the Union for this purpose. |
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| Source Link | Link to Main Source https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2017.129.01.0001.01.ENG |
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| Subject Categories | Economic and Financial Affairs |
| Subject Tags | Economic Governance | Situation |
| Keywords | Structural Reform Support Programme [SRSP] |
| International Organisations | European Union [EU] |
