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.
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 NERFINISHED ⓘ |
| 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 NERFINISHED ⓘ |
| language | all official languages of the European Union ⓘ |
| legalBasisFor |
correction of excessive government deficits
ⓘ
surveillance of member states’ budgetary positions ⓘ |
| legalSystem | European Union law NERFINISHED ⓘ |
| linkedTo | Stability and Growth Pact NERFINISHED ⓘ |
| monitoredBy |
Council of the European Union
NERFINISHED
ⓘ
European Commission NERFINISHED ⓘ |
| partOf | Treaty on the Functioning of the European Union NERFINISHED ⓘ |
| regulates | excessive deficit procedure ⓘ |
| relatedTo |
EU fiscal governance framework
NERFINISHED
ⓘ
economic and monetary union ⓘ |
| subjectMatter |
government budget deficits
ⓘ
public debt ⓘ |
| usedIn | assessment of member states’ compliance with fiscal rules ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.