Author (Corporate) | European Commission |
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Series Title | COM |
Series Details | (2017) 629 final (24.10.17) |
Publication Date | 24/10/2017 |
Content Type | Policy-making, Report |
As a consequence of the significant deviation from its medium-term budgetary objective in 2016, a Significant Deviation Procedure (SDP) was launched for Romania in spring 2017. In its SDP recommendation, approved on 16 June 2017, the Council asked Romania to take measures to ensure that the nominal growth rate of net primary government expenditure does not exceed 3.3% in 2017. The enhanced surveillance mission by the Commission took place on 26-27 September 2017. The aim of the mission was to learn in detail about the fiscal actions planned by the Romanian authorities, to increase the visibility of the fiscal risks and to encourage compliance with the Stability and Growth Pact. The mission also assessed fiscal developments and budget execution in 2017. As requested, Romania reported to the Council on the action taken in response to the SDP recommendation by 15 October 2017. The Commission is now assessing the content of Romania's submission. |
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Source Link | Link to Main Source http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2017:629:FIN |
Countries / Regions | Europe, Romania |