Excessive Deficit Procedure

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf European Union law
gptkbp:abbreviation gptkb:EDP
gptkbp:administeredBy gptkb:European_Parliament
gptkbp:appliesTo European Union member states
eurozone countries
gptkbp:cause recommendations
sanctions
fines for eurozone countries
gptkbp:debtThreshold 60% of GDP
gptkbp:deficitThreshold 3% of GDP
gptkbp:enforcedBy gptkb:Council_of_the_European_Union
gptkbp:establishedBy gptkb:Maastricht_Treaty
gptkbp:establishedIn 1992
gptkbp:excludes exceptional circumstances
https://www.w3.org/2000/01/rdf-schema#label Excessive Deficit Procedure
gptkbp:legalBasis Treaty on the Functioning of the European Union Article 126
gptkbp:monitors government budget deficits
government debt levels
gptkbp:purpose to ensure fiscal discipline
gptkbp:relatedTo gptkb:Stability_and_Growth_Pact
gptkbp:reviewedBy gptkb:Economic_and_Financial_Committee
gptkbp:bfsParent gptkb:Stability_and_Growth_Pact
gptkbp:bfsLayer 7