## SUGGESTIONS

The Committee on Economic and Monetary Affairs calls on the Committee on Budgets, as the committee responsible, to incorporate the following suggestions into its motion for a resolution: 1. Calls for the Union budget for 2018 to contribute to the fulfilment of the priorities outlined in the European Semester, specifically re-launching future-oriented investment, fostering convergence, pursuing socially balanced sustainable and growth-oriented structural reforms to increase competitiveness and conducting responsible fiscal policies; underlines that synergies between the budget of the Union and the budget of a Member State are required in order to achieve the European Semester’s priorities; 2. Underlines the crucial importance of the budget line on "Coordination and surveillance of, and communication on, the economic and monetary union, including the euro" as a technical and communication means for better coordination of economic policies, including in the context of the European Semester, for its contribution to Treaty-based surveillance obligations and critical data production, and for its support actions for financial assistance, thus contributing to financial stability within and outside the Union; 3. Points out the need to support the current debate on the future of the EMU by financing the necessary tools to ensure a broad debate with citizens and stakeholders; 4. Stresses the need to introduce a standard set of data for recording, reporting and monitoring execution of the national budgets and the Union budget, and their contribution to the achievement of the goals set out in the Annual Growth Survey and the country- specific recommendations (CSRs); 5. Welcomes the inclusion of adequate resources provided for in the 2018 budget to support the European Supervisory Authorities (ESAs); underlines that the role of the ESAs is essential in fostering the consistent application of Union law and better coordination between national authorities, and in ensuring financial stability, better integrated financial markets and consumer protection and supervisory convergence; emphasises that in the interest of a prudent use of their budgets, the ESAs must stick to the tasks and to the mandate assigned to them by the European legislator; 6. Believes that the budget of the ESAs still has rationalisation potential; stresses, therefore, that any potential increases in the means of the ESAs should be accompanied by adequate rationalisation measures; 7. Suggests that, as the workload of the ESAs is increasingly shifting from legislative tasks to supervisory convergence and enforcement, the budget and manpower of the ESAs should be re-allocated internally; emphasises that all three agencies will have to assign adequate resources to analyse the implications of Brexit for the future of the Union’s financial markets; 8. Emphasises that the ESAs should ensure that the IT-systems used are efficient, user- friendly, secure and cost-effective; therefore, in order to make further efficiency gains, calls for the consideration of a common administrative organisation, consisting of a common IT department, and a common HR department;

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