Rokas: Public Finance Reforms Are Essential for EU Membership

Skopje – EU ambassador Michalis Rokas emphasized the importance of public finance reforms as a crucial step for countries aspiring to EU membership during a presentation before parliamentary committees on economic affairs and finance.

During his discussion on fiscal governance in the EU and the role of Fiscal Councils, Rokas highlighted that policymakers should prioritize the establishment of fiscal councils in their public policy-making processes.

He explained that fiscal councils promote public discourse on financial matters and enhance transparency, enabling citizens, businesses, and investors to better comprehend their country’s fiscal and financial conditions. In this regard, he commended the formation of the Fiscal Council in the country and the initiatives aimed at bolstering its capabilities and authority.

Rokas reminded attendees that within the EU framework, the primary function of fiscal councils is to provide independent oversight and ensure compliance with fiscal regulations. He noted that this oversight helps prevent overly optimistic government forecasts and unsustainable spending plans that could result in fiscal imbalances.

– Since 2018, we have invested approximately 13 million euros in supporting public finance reforms. The establishment of the Fiscal Council in 2023 marked a significant step towards aligning with the economic governance framework. Policymakers should view fiscal councils as essential in the formulation of public policies. Consequently, enhancing fiscal councils throughout the EU is pivotal for achieving fiscal stability, the EU ambassador concluded. (March 11)


Comments

5 responses to “Rokas: Public Finance Reforms Are Essential for EU Membership”

  1. Show Off Avatar

    Oh sure, because what every aspiring EU member really needs is another layer of bureaucratic oversight—just what we were missing in our lives! 😂 Maybe after that, they can sort out the weather too, eh? 🌦️

  2. Marshmallow Treat Avatar
    Marshmallow Treat

    Oh, brilliant! Because who doesn’t love a good fiscal council to sprinkle a bit of magic on our money woes? 💸 Just what we need—more bureaucrats to explain why our wallets are lighter than a Danish pastry! 🥐

  3. Criss Cross Avatar
    Criss Cross

    Oh, look at that, 13 million euros down the drain for a Fiscal Council. Because clearly, what every aspiring EU member needs is another layer of bureaucracy to tell them they’re overspending! 😂💸

  4. So, if I understand correctly, we need a bunch of fiscal councils to save us from our own optimism? Brilliant! Next, let’s just hire a team of unicorns to sprinkle some magic on our budget! 💸✨

  5. ManMaker Avatar

    Just what we needed! Another round of fiscal councils to ensure our governments don’t go on a spending spree like a teenager with a credit card. 🤑 At this rate, I might as well start a consultancy called “How to Spend Wisely in 30 Easy Steps.” 😂

Leave a Reply

Your email address will not be published. Required fields are marked *

Last News

Mexico to File Criminal Complaints Over Citizen Deaths in U.S. Anti-Migrant Actions

Mexico to File Criminal Complaints Over Citizen Deaths in U.S. Anti-Migrant Actions

MEXICO CITY, July 09, Brussels Morning Newspaper – The government of Mexico plans to file criminal complaints in the United States concerning Mexican citizens who died while in immigration custody or during anti-immigration operations, President Claudia Sheinbaum announced on Thursday. The Mexican government reports that 14 Mexican nationals have died in the custody of U.S. Immigration and Custo

Read More

Groundbreaking Date for the Coeur d’Alene Idaho Temple

Groundbreaking Date for the Coeur d’Alene Idaho Temple

The First Presidency of The Church of Jesus Christ of Latter-day Saints has announced that the groundbreaking ceremony for the Coeur d’Alene Idaho Temple will be held on Saturday, August 29, 2026. Elder Hutch U. Fale, of the United States West Area Presidency, will preside at the event.
Over 480,000 members of the Church reside in Idaho, meeting in around 1,300 congregations. Dedicated temples in

Read More

Europe’s Conservatives Revive Bill on Child Abuse Scanning

Europe’s Conservatives Revive Bill on Child Abuse Scanning

In the latest development, legislators faced challenges as an amendment was added to the contentious legislation, exempting end-to-end encrypted services like WhatsApp and Signal from scanning rules.
Ultimately, neither side was satisfied.
German lawmaker Lena Düpont, the center-right group’s home affairs spokesperson, expressed that the group favored a straightforward return of the law without am

Read More

After Tobacco Tax Collapse, Rapporteur Urges Irish Presidency to Value Committee’s Efforts

After Tobacco Tax Collapse, Rapporteur Urges Irish Presidency to Value Committee’s Efforts

Two weeks on from the European Parliament’s failure to agree any position on the revision of the Tobacco Excise Directive, the file’s rapporteur is going public with a message for the incoming Irish Presidency: don’t let the committee’s work go to waste.
Tomáš Kubín, the Czech MEP from the Patriots for Europe group who steered the file through Parliament’s Economic and Monetary Affairs Committee

Read More

Shell plc Releases Final Results of Exchange Offers

Shell plc Releases Final Results of Exchange Offers

Press ReleaseThis article is based on a press release or official communication from Wire News Service. The European Times republishes it as a public service.

Press Release
July 9, 2026
Shell plc Announces Final Results of ExchangeOffers
Shell plc (LSE: SHEL) (NYSE: SHEL) (AEX: SHELL) today announces the final results of its previously announced offers to exchange (the “Exchange Offers” and ea

Read More

EU Weighs Tariffs on Imports from Unauthorized Israeli Settlements

EU Weighs Tariffs on Imports from Unauthorized Israeli Settlements

The options paper was requested by the EU’s top diplomat, Kaja Kallas, after a meeting with foreign ministers in Luxembourg last month. The Commission has already suggested possible trade restrictions and sanctions on “extremist” Israeli ministers, but these have not gained the necessary support from member countries.
Suspending a trade agreement with Israel completely or sanctio

Read More

Frequent Company Registration Errors Causing UK Business Approval Delays

Frequent Company Registration Errors Causing UK Business Approval Delays

London, July 08, Eurotoday Newspaper – Company registration mistakes remain one of the leading reasons new business applications face delays across the UK. Company formation specialists report that inaccurate information, incomplete documentation, and filing errors continue to slow approvals, even as online registration has made the process faster for most entrepreneurs.
Registration Errors Cont

Read More

Scientology Volunteer Ministers Provide Aid and Hope to Venezuela Following Devastating Earthquakes

Scientology Volunteer Ministers Provide Aid and Hope to Venezuela Following Devastating Earthquakes

In the wake of the powerful dual earthquakes that struck Venezuela on June 24, Scientology Volunteer Ministers remain actively involved with families and emergency teams as the nation transitions from rescue operations to the prolonged task of recovery.
The earthquakes hit north-central Venezuela swiftly, inflicting significant damage in Caracas, La Guaira, and surrounding coastal areas. Initiall

Read More

Europe’s AI Moment: Four Imperatives for Business Leaders

Europe’s AI Moment: Four Imperatives for Business Leaders

Sustainability: Maximize tokens per kWh
Energy markets are reeling from disruption in the Strait of Hormuz. Natural gas prices in Europe have surged by nearly 50% since the end of February, while storage sites are predicted to reach only 76% of capacity by October—the lowest pre-winter level since 2011.
The growing use of AI is increasing pressure on the energy grid; electricity consumption from E

Read More

How Positive News Coverage Enhances Customer Trust and Strengthens Brand Authority

How Positive News Coverage Enhances Customer Trust and Strengthens Brand Authority

London, July 08, Eurotoday Newspaper – Positive news coverage continues to play a growing role in helping businesses strengthen customer trust and establish long-term brand authority. As consumers increasingly research companies before making purchasing decisions, organizations featured in credible news reports often enjoy higher levels of confidence and stronger public recognition. Public relat

Read More