Six euro zone states risk EU budget rule breach in 2018
Page created: Wednesday, 22 November 2017 14:54 GMT
Thematic
The regulations, set out under the bloc’s Stability and Growth Pact (SGP), say that EU countries should have nominal budget deficits below 3 percent of economic output and public debt below 60 percent.
For 2018, the draft assumptions of Belgium, Italy, Austria, Portugal, Slovenia and France posed a risk of not cutting the structural budget gap — which strips out business cycle swings and one-offs — fast enough, the EU’s executive said.
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