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The EFB is an independent body mandated to advise the European Commission on the application of EU fiscal rules and the overall direction of fiscal policy.

Brussels, Belgium
Joined July 2019
Photo by European Fiscal Board (@EFB_EU)Photo by European Fiscal Board (@EFB_EU)Photo by European Fiscal Board (@EFB_EU)Photo by European Fiscal Board (@EFB_EU)Photo by European Fiscal Board (@EFB_EU)Photo by European Fiscal Board (@EFB_EU)Photo by European Fiscal Board (@EFB_EU)Photo by European Fiscal Board (@EFB_EU)Photo by European Fiscal Board (@EFB_EU)Photo by European Fiscal Board (@EFB_EU)
⏳ Last 48 hours to register! The European Fiscal Board Annual Conference 2026 will take place on 4 December, with the registration deadline closing on 7 October. A limited number of places remain available. 🔗 commission.europa.eu/europea…
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European Fiscal Board retweeted
Lifting the curtain on the EU’s debt Martin Larch & Alice Lucius @EFB_EU ow.ly/i12Y50ZSvL0
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📢 New EFB report How are EU countries progressing with the implementation of their national medium-term fiscal-structural plans? Our latest report assesses progress to 2025 and looks ahead to 2026. Read the report 👉commission.europa.eu/europea…
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Registration is now open for the European Fiscal Board’s 2026 Annual Conference! Join us in Brussels on 4 December 2026 as we mark a decade of the EFB and bring together experts and policymakers to discuss the future of fiscal policy in the EU. 🔗Register: register.event-works.europa.…
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European Fiscal Board retweeted
New CEPR Discussion Paper - DP21709 Addressing the EU’s fiscal dilemma: From ex-post transfers to ex-ante resilience Georg Kirchsteiger @ecares_ulb @ULBruxelles, Martin Larch @EFB_EU ow.ly/cG6450Zl0ei #CEPR_PE #EconTwitter
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European Fiscal Board retweeted
Fiscal rules compliance and sovereign borrowing costs: Some evidence from the euro area Alicia Cuesta Bartolomé @collegeofeurope, Martin Larch @EFB_EU ow.ly/Qqqw50Zc9S8
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The EFB today issued its assessment of the appropriate fiscal stance for the euro area in 2027: commission.europa.eu/documen… It recommends that Members States follow their medium term expenditure plans. Energy measures should be financed by compensating interventions.
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European Fiscal Board retweeted
📡 Esta herramienta del @EFB_EU puede ser muy útil en clases y para medios y políticos. 👉Mide cómo de precisas son las previsiones de algunas variables macro y fiscales en los países de la UE 👉A partir de ahí, comparativas y tamaños de los sesgos👇 commission.europa.eu/europea…
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European Fiscal Board retweeted
Some chickens are coming home to roost: EU fiscal policies in 2025 Martin Larch @EFB_EU ow.ly/vBOp50Z03js
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European Fiscal Board retweeted
2024 reform of EU Stability & Growth Pact introduced medium-term expenditure paths as centrepiece of new country-specific surveillance framework; timely & even-handed enforcement is essential for the rules to earn the credibility they need, @EFB_EU @voxeu cepr.org/voxeu/columns/eus-n…
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📣📣📣 our COMPLIANCE TRACKER has been updated: commission.europa.eu/europea… It now includes 2025 and reflects the changes introduced with the 2024 reform of the EU fiscal framework.
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Our extended and updated Forecast Tracker is out commission.europa.eu/europea… It is a one-stop-tool for all researchers and interested parties who want to assess a key element of fiscal policymaking in the EU: official macroeconomic and fiscal projections.
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The EFB’s latest report takes stock of whether and how Member States are on track to strengthen national independent fiscal institutions (IFIs): commission.europa.eu/documen… Conclusion: work in progress and still some way to go.
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A new VoxEU.org column with the EFB chair, Pieter Hasekamp, reviews the implementation of the new EU fiscal rules: cepr.org/voxeu/columns/eus-n…
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Just published: a new report by the European Fiscal Board commission.europa.eu/publica… Under the new EU Fiscal Framework, the EFB will publish its analysis and policy advice more frequently during the course of the year:
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European Fiscal Board retweeted
Trailing with a margin: Official macro forecasts in EU fiscal surveillance Martin Larch @EFB_EU, Antonino Barbera Mazzola @EU_Commission ow.ly/lZBi50XB8xt
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A new VoxEU article promotes the first extension of our Forecast Tracker: cepr.org/voxeu/columns/trail… The Forecast Tracker is available here: commission.europa.eu/europea…
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Important update on the 2025 EFB annual conference: papers and presentations are now available on our website, including the keynote speech by Commissioner Valdis Dombrovskis. Check them out! commission.europa.eu/europea…
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The 7thannual conference of the EFB took place today. It was kicked off with a keynote speech by Commissioner Valdis Dombrovskis. Leading economists and experts explored the implications of national escape clauses in the EU’s new fiscal framework: 🔸commission.europa.eu/documen…
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