From the independent “horses” of the Financial Council, the financial programs of the political parties and parties and coalitions of parties will now be able to pass, especially in a pre -election period. And then, The Council will be able to evaluate and quantify The budgetary impact that the proposals included in the programs are expected to have.

At the same time, the Ministry of Economy and Finance itself may be accountable to this, which in specific cases will be obliged to be corrected. Whereas, the Council will be able to access data maintained by AADE, the Electronic National Social Security Agency or any other information system, in particular the ERGANI II information system and any evolution, insurance funds, as well as the rest of the government agencies.

These are the New responsibilities acquired by the Financial Councilwhich, according to the bill of the Ministry of National Economy and Finance given a consultation last Thursday, is now becoming an independent authority. He will have the Chairman and Board of Directors, will have operational independence, administrative and financial autonomy and will not be subject to control or supervision by government bodies, government bodies or other administrative authorities except parliamentary control. Also, the Chairman and the members of the Board of Directors, as well as his staff, in the performance of their duties, will not receive instructions from any government body or other public or private organization. Will have personal and functional independence.

As defined in the bill, the Hellenic Financial Council, which is its new name, has a plethora of responsibilities. Among other things, it is responsible for analyzing the macroeconomic scenarios that devises the State Treasury for budget and debt sizes, and also controls the alignment of scenarios with the forecasts of other international organizations. If it does not find divergences affecting the provisions of the Ministry of National Economy and Finance for 4 years in the future, then the Ministry is obliged to take corrective measures.

It also evaluates ex ante and ex post the budget forecasts, the medium -term budgetary structural plan and the multiannual budget planning. At the same time, it may carry out any other analysis of budgetary data, which contributes to the fiscal stability and improvement of the public debt course, as well as to the application of the article on the escape saying. Whereas, if a supplementary budget is filed, it finds that the maintenance rule of net costs are observed and, if any, evaluates the new macroeconomic and budgetary forecasts, which it is based, in particular through comparisons to those of the annual state budget for the relevant year, of the relevant year,

Especially for the parties, a political party may request to measure the budgetary cost of its financial program or the cost of a proposal. Evaluations and quantification are examined in accordance with the model, process and methodology defined by the Financial Council itself. The request to the Council shall be made following the decision of the competent body of each political party.

Of particular interest is the fact that it will be able to ask AADE the conjunction of the small (VAT) with other databases of public bodies, the insurance system and the financial institutions prior to their pseudonym process. Similar access to anonymized manners is also provided with the data of the electronic National Social Security Agency or any other information system, in particular the ERGANI II information system and any transformation of the insurance funds, and the rest of the public bodies.