Protocol No 12 on the excessive deficit procedure

E625507

Protocol No 12 on the excessive deficit procedure is a legal instrument of the European Union that sets out detailed rules and criteria for monitoring and correcting excessive government budget deficits and public debt in member states.

All labels observed (1)

How this entity was disambiguated

Statements (26)

Predicate Object
instanceOf European Union protocol
legal instrument
aimsTo ensure budgetary discipline in the European Union
prevent excessive government deficits in member states
appliesTo European Union member states
basedOn Article 126 of the Treaty on the Functioning of the European Union
defines criteria for determining excessive government deficits
criteria for determining excessive public debt
detailed rules for monitoring government budget deficits
detailed rules for monitoring public debt
establishes reference values for government deficit and debt
geographicalScope European Union
language all official languages of the European Union
legalBasisFor correction of excessive government deficits
surveillance of member states’ budgetary positions
legalSystem European Union law
linkedTo Stability and Growth Pact
monitoredBy Council of the European Union
European Commission
partOf Treaty on the Functioning of the European Union
regulates excessive deficit procedure
relatedTo EU fiscal governance framework
economic and monetary union
subjectMatter government budget deficits
public debt
usedIn assessment of member states’ compliance with fiscal rules

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

excessive deficit procedure hasLegalBasisIn Protocol No 12 on the excessive deficit procedure
Article 126 of the Treaty on the Functioning of the European Union implementedBy Protocol No 12 on the excessive deficit procedure
Article 126 of the Treaty on the Functioning of the European Union relatedTo Protocol No 12 on the excessive deficit procedure