Recommendation with a view to correcting the significant observed deviation from the adjustment path toward the medium-term budgetary objective in Hungary

Summary:

On 21 November 2018 the European Commission presented a revised recommendation to Hungary to take measures to correct its significant deviation from the adjustment path towards the medium-term budgetary objective.

Further information:

In June 2018, the Council issued a recommendation of an annual structural adjustment of 1% of GDP in 2018 to Hungary under the Significant Deviation Procedure (SDP). In light of developments since, and following the lack of effective action by Hungary to correct its significant deviation, the Commission has proposed a revised recommendation of an annual structural adjustment of at least 1% of GDP in 2019.

The Recommendation was presented as part of the Commission's 2019 European Semester Autumn Package.

Official

EUR-Lex: SWD(2018)504: Commission Staff Working Document accompanying COM(2018)805 https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=SWD:2018:504:FIN

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ESO Records

Decision (EU) 2018/2028 establishing that no effective action has been taken by Hungary in response to the Council Recommendation of 22 June 2018 https://www.europeansources.info/record/decision-eu-2018-2028-establishing-that-no-effective-action-has-been-taken-by-hungary-in-response-to-the-council-recommendation-of-22-june-2018/

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