Author (Corporate) | European Commission: DG Economic and Financial Affairs |
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Publisher | EU |
Publication Date | 2017 |
Content Type | Key Source, Policy-making, Report |
Background information These documents are used by the European Commission and by finance ministers to assess whether Member States are on track towards reaching their Medium-Term Budgetary Objectives (MTOs) on the basis of two pillars: structural balance analysis and the expenditure benchmark. Guidelines on the content and format of the programmes are covered by a code of conduct.Every April, EU Member States are required to lay out their fiscal plans for the next three years. This exercise is based on economic governance rules in the Stability and Growth Pact, which aim to prevent the emergence or exacerbation of fiscal difficulties. |
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Source Link | Link to Main Source https://ec.europa.eu/info/business-economy-euro/economic-and-fiscal-policy-coordination/eu-economic-governance-monitoring-prevention-correction/stability-and-growth-pact/stability-and-convergence-programmes_en |
Subject Categories | Economic and Financial Affairs |
Countries / Regions | Europe |