Excessive deficit procedures - overview

Most recent decisions and updates

On 19 June 2024, the Commission adopted a Report under Article 126(3) of the Treaty on compliance with the deficit and debt criteria. The purpose of this report is to assess Member States' compliance with the deficit and debt criteria of the Treaty.
On 24 May 2023, the Commission adopted a Report under Article 126(3) of the Treaty on compliance with the deficit and debt criteria. The purpose of this report is to assess Member States' compliance with the deficit and debt criteria of the Treaty.
On 23 May 2022, the Commission adopted a report under Article 126(3) of the Treaty on the Functioning of the EU (TFEU) for 18 EU Member States. The purpose of this report is to assess Member States' compliance with the deficit and debt criteria of the Treaty.
On 2 June 2021, the Commission adopted a report under Article 126(3) of the Treaty on the Functioning of the EU (TFEU) for all EU Member States except Romania, which had been already in the corrective arm of the Pact. The purpose of this report is to assess Member States' compliance with the deficit and debt criteria of the Treaty.
On 18 June, the Council adopted a revised recommendation to end the excessive deficit situation in Romania. The recommendation takes into consideration the recent developments and sets a new deadline for the correction of Romania’s excessive deficit.

Overview of ongoing excessive deficit procedures
Overview of closed excessive deficit procedures
_{*The United Kingdom was a member of the European Union from 1973 until 31/01/2020. The information contained on this page relates to its time as a member country.}