16 November: Commission finds risk of non-compliance with SGP in several 2017 draft budgets

November 16, 2016

In its assessment of the draft budgetary plans of the euro area Member States (non taking into account Greece which is not subject to the same procedure because of its financial assistance programme), the European Commission has found no cases of serious non-compliance with the requirements of the Stability and Growth Pact (SGP).

However, in the case of six euro area Member States currently in the preventive arm (Belgium, Italy, Cyprus, Lithuania, Slovenia, Finland) and two countries in the corrective arm (Spain and Portugal) it has found risks of non-compliance with the SGP requirements for 2017.

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