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Parliamentary questions
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26 October 2018
E-004404/2018(ASW)
Answer given by Ms Thyssen on behalf of the European Commission
Question reference: E-004404/2018

Under Regulation (EC) No 479/2009(1), the excessive deficit procedure (EDP) data reporting covers the planned deficit for year n and actual government deficits for four years (n-1, n-2, n-3 and n-4). Therefore the deficit of year 2009 was reported by Greece as an actual deficit for the first time in the April 2010 EDP notification, and for the last time in the October 2013 EDP notification, when it stood at EUR ‐36 166 million or 15.7% of gross domestic product (GDP).

After the October 2013 EDP notification, the 2009 deficit continued to be reported to Eurostat in the context of the European System of Accounts (ESA 2010(2)) transmission programme but was no longer subject to the EDP.

Since 2013 the national accounts methodological framework changed: ESA 95(3) was replaced by ESA 2010. This changeover resulted in revisions by Member States to the whole time series of government accounts and consequently the deficit/surplus. For Greece, the changeover to ESA 2010 meant that the deficit to GDP ratio changed mostly due to an upward revision of GDP.

Following the introduction of ESA 2010, the Hellenic Statistical Authority (ELSTAT) reviewed the historical Government Finance Statistics (GFS) for the years 1995-2005. This led to small revisions to the deficit reported for 2009. The main impact on deficit was caused by the adoption of a corrected recording for military deliveries across the time series based on additional data sources obtained by ELSTAT. The revision of data for 2009 was subject to Eurostat's validation procedures in the context of the ESA 2010 transmission programme.

(1)https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX:32009R0479
(2)https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX:32013R0549
(3)https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX:31996R2223

Last updated: 26 October 2018Legal notice