23.11.2011 Official Journal of the European Union L 306/41 II (Non-legislative acts) DIRECTIVES COUNCIL DIRECTIVE 2011/85/EU of 8 November 2011 on requirements for budgetary frameworks of the Member States THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty on the Functioning of the European outcomes of government finances based on statistical methodologies, and from forecasts or budgeting actions which relate to future government finances. Union, and in particular the third subparagraph of Article 126(14) thereof, (3)  Complete and reliable public accounting practices for all sub-sectors of general government are a precondition for the production of high-quality statistics that are Having regard to the proposal from the European Commission, comparable across Member States. Internal control should ensure that existing rules are enforced throughout the sub-sectors of general government. Independent ) o ] audits conducted by public institutions such as courts Having regard to the opinion of the European Parliament ('), of auditors or by private auditing bodies should encourage best international practices. Having regard to the opinion of the European Central Bank (?), (4)  The availability of fiscal data is crucial to the proper functioning of the budgetary surveillance framework of Whereas: the Union. The regular availability of timely and reliable fiscal data is the key to proper and well timed moni- toring, which in turn allows prompt action in the event (1) There is a need to build upon the experience gained of unexpected -budgetary developrpents. A crucial during the first decade of the economic and monetary element in ensuring the quahty of fiscal d‘ata 1S trans- union. Recent economic developments have posed new parency, which must entail the regular public availability challenges to the conduct of fiscal policy across the of such data. Union and have in particular highlighted the need for strengthening national ownership and having uniform requirements as regards the rules and procedures (55 With regard to statistics, Regulation (EC) No 223/2009 forming - the b.udgetar.y ‘frameworks of the .Member of the European Parliament and of the Council of States. In particular, it is necessary to spec1fy what 11 March 2009 on European statistics (*) established a nathﬂél authorities must do to comply with Fhe legislative framework for the production of European provisions of the Protocol (No 12) on the excessive statistics with a view to the formulation, application, def}at procedure annexed to the Treaty on European monitoring and assessment of the policies of the Union (TEU) and. to the Treaty on the Functioning of Union. That Regulation also laid down the principles the European Union (TFEU), and in particular Article 3 governing the development, production and dissemi- thereof. nation of European statistics: professional independence, impartiality, objectivity, reliability, statistical confiden- tiality and cost-effectiveness, giving precise definitions (2)  Member State governments and government sub-sectors of each of these principles. Council Regulation (EC) No maintain public accounting systems which include 479/2009 of 25 May 2009 on the application of the elements such as bookkeeping, internal control, Protocol on the excessive deficit procedure annexed to financial reporting, and auditing. Those systems should the Treaty establishing the European Community (*), be distinguished from statistical data which relate to the strengthened the Commission’s powers to verify stat- istical data used for the excessive deficit procedure. () European Parliament opinion of 28 September 2011 (not yet published in the Official Journal). () OJ L 87, 31.3.2009, p. 164. (® 0] C 150, 20.5.2011, p. 1. () O] L 145, 10.6.2009, p. 1.