2017 Reform Programme and 2017 Convergence Programme of the Czech Republic - Main contents
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official title
Council Recommendation of 11 July 2017 on the 2017 National Reform Programme of the Czech Republic and delivering a Council opinion on the 2017 Convergence Programme of the Czech RepublicLegal instrument | Recommendation |
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Original proposal | COM(2017)503 ![]() |
CELEX number i | 32017H0809(03) |
Document | 11-07-2017; Date of adoption |
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Publication in Official Journal | 09-08-2017; OJ C 261 p. 12-15 |
9.8.2017 |
EN |
Official Journal of the European Union |
C 261/12 |
COUNCIL RECOMMENDATION
of 11 July 2017
on the 2017 National Reform Programme of the Czech Republic and delivering a Council opinion on the 2017 Convergence Programme of the Czech Republic
(2017/C 261/03)
THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty on the Functioning of the European Union, and in particular Articles 121(2) and 148(4) thereof,
Having regard to Council Regulation (EC) No 1466/97 of 7 July 1997 on the strengthening of the surveillance of budgetary positions and the surveillance and coordination of economic policies (1), and in particular Article 9(2) thereof,
Having regard to the recommendation of the European Commission,
Having regard to the resolutions of the European Parliament,
Having regard to the conclusions of the European Council,
Having regard to the opinion of the Employment Committee,
Having regard to the opinion of the Economic and Financial Committee,
Having regard to the opinion of the Social Protection Committee,
Having regard to the opinion of the Economic Policy Committee,
Whereas:
(1) |
On 16 November 2016, the Commission adopted the Annual Growth Survey, marking the start of the 2017 European Semester for economic policy coordination. The priorities of the Annual Growth Survey were endorsed by the European Council on 9-10 March 2017. On 16 November 2016, on the basis of Regulation (EU) No 1176/2011 of the European Parliament and of the Council (2), the Commission adopted the Alert Mechanism Report, in which it did not identify the Czech Republic as one of the Member States for which an in-depth review would be carried out. |
(2) |
The 2017 country report for the Czech Republic was published on 22 February 2017. It assessed the Czech Republic’s progress in addressing the country-specific recommendations adopted by the Council on 12 July 2016, the follow-up given to the country-specific recommendations adopted in previous years and the Czech Republic’s progress towards its national Europe 2020 targets. The Commission’s analysis leads it to conclude that the Czech Republic is not experiencing macroeconomic imbalances. |
(3) |
The Czech Republic submitted its 2017 National Reform Programme on 25 April 2017 and its 2017 Convergence Programme on 28 April 2017. In order to take account of their interlinkages, the two programmes have been assessed at the same time. |
(4) |
Relevant country-specific recommendations have been addressed in the programming of the European Structural and Investment Funds (ESI Funds) for the 2014-2020 period. As provided for in Article 23 of Regulation (EU) No 1303/2013 of the European Parliament and of the Council (3), where it is necessary to support the implementation of relevant Council recommendations, the Commission may request a Member State to review and propose amendments to its Partnership Agreement and relevant programmes. The Commission has provided further details on how it would make use of that provision in guidelines on the application of the measures linking effectiveness of the ESI Funds to sound economic governance. |
(5) |
The Czech Republic is currently in the preventive arm of the Stability and Growth Pact. In its 2017 Convergence Programme, the Government plans for a budgetary surplus in headline terms over 2016-2020. The medium-term budgetary objective — a structural deficit of 1,0 % of GDP — continues to be met with a margin throughout the programme period. According to the 2017 Convergence Programme, the general government debt-to-GDP ratio is expected to gradually decline to 32,7 % in 2020. The macroeconomic scenario underpinning those budgetary projections is plausible. While risks to the achievement of budgetary targets seem broadly balanced, the pronounced contraction in public investment in 2016 — linked to the start... |
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