Highlights - Members to discuss EU borrowing costs - 09.10.2023 - Committee on Budgets
Members to discuss EU borrowing costs - 09.10.2023
- Members to discuss EU borrowing costs - 09.10.2023
04-10-2023 - 14:57
Following a workshop on ‘EU borrowing costs: drivers and dynamics - A comparative perspective’ for the Committee on Budgets took place on 22 May 20231, experts have estimated that yearly interest costs borne by the EU budget could increase quickly in the next few years to reach €10.8 billion. - Members requested the experts to deliver a follow-up briefing to provide detailed answers to a number of questions raised during the workshop.
- The authors of the briefing will elaborate on the main takeaways of the briefings and provide:
The authors of the briefing will elaborate on the main takeaways of the briefings and provide:
- an update of the spreads between the EU and other major European sovereign issuers,
- a projection of the total costs of the NGEU borrowing until 2058,
- an assessment of the adequacy between such a projection and the second batch of own resources,
- an evaluation of the savings resulting from a tentative tightening of the spreads,
- additional recommendations to reduce and optimise EU interest rate costs.