Stability and Growth Pact – An Overview of the Rules

18-12-2015

The Stability and Growth Pact (SGP) is the legal framework (based on primary and secondary EU law) that seeks to ensure sustainable public finances so as to contribute to the stability of the Economic and Monetary Union (EMU). It consists of two main building blocks: the preventive arm and the corrective arm. The main new or updated elements provided by the Commission Communication “Making the best use of flexibility within the existing rules of the SGP” are visualised in synthetic overviews provided in the annexes of this briefing prepared by the Economic Governance Support Unit.

The Stability and Growth Pact (SGP) is the legal framework (based on primary and secondary EU law) that seeks to ensure sustainable public finances so as to contribute to the stability of the Economic and Monetary Union (EMU). It consists of two main building blocks: the preventive arm and the corrective arm. The main new or updated elements provided by the Commission Communication “Making the best use of flexibility within the existing rules of the SGP” are visualised in synthetic overviews provided in the annexes of this briefing prepared by the Economic Governance Support Unit.