Comparison of key figures in the 2017 Stability Programmes and European Commission spring 2017 forecast

12-05-2017

The purpose of this document is to show the differences between some key indica¬tors of the 2017 Stability Programmes (SP) and the spring 2017 forecast of the European Commission (EC). In accordance with Article 4 of Council Directive 2011/85/EU, the budgetary planning of the Member States “shall be based on the most likely macrofiscal scenario or on a more prudent scenario. (…). Significant differences between the chosen macrofiscal scenario and the (most recent) Commission’s forecast shall be des¬cri¬bed with reasoning (…).”

The purpose of this document is to show the differences between some key indica¬tors of the 2017 Stability Programmes (SP) and the spring 2017 forecast of the European Commission (EC). In accordance with Article 4 of Council Directive 2011/85/EU, the budgetary planning of the Member States “shall be based on the most likely macrofiscal scenario or on a more prudent scenario. (…). Significant differences between the chosen macrofiscal scenario and the (most recent) Commission’s forecast shall be des¬cri¬bed with reasoning (…).”