Comparison of key figures in the 2018 Stability Programmes and European Commission spring 2018 forecast

08-06-2018

The purpose of this document is to show the differences between some key indicators of the 2018 Stability Programmes (SP) of the Euro Area Member States and the spring 2018 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 dif¬fe¬ren¬ces between the chosen macrofiscal scenario and the (most recent) Commission’s forecast shall be described with reasoning (…).”

The purpose of this document is to show the differences between some key indicators of the 2018 Stability Programmes (SP) of the Euro Area Member States and the spring 2018 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 dif¬fe¬ren¬ces between the chosen macrofiscal scenario and the (most recent) Commission’s forecast shall be described with reasoning (…).”