EU Ministers Want EU Budget Rules to Support Investment, Realistic Debt Cuts

EU Ministers Want EU Budget Rules to Support Investment, Realistic Debt Cuts
European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium on May 5, 2021. Yves Herman/Reuters
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BRDO, Slovenia—European Union finance ministers said on Friday that changes to EU budget rules, now under review, should support investment in the post-pandemic economy and allow for a more realistic path in cutting huge public debt.

Finance ministers from the 27-nation bloc will begin discussions during a two-day meeting in the Slovenian town of Brdo on how to amend the rules to better fit changed economic realities once they are reinstated from 2023.