Further improvements needed to ensure effective implementation of the excessive deficit procedure

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The excessive deficit procedure (EDP) is a key element of economic governance in the EU. It is used where necessary to correct the trajectory of deficit and debt in the Member States. For this audit we examined the quality of the EDP in the difficult recent economic climate, from the data underlying decisions to initiate the procedure through to the final results. We found that effective implementation is still a work in progress, but that the Commission is committed to continuing with the necessary improvements.
Budgetary Control, Financial Issues, Economy
Country of publication: 
European Union
Publication date: 
Tuesday, April 19, 2016
Number of pages: