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Economy and Finance

Legal basis of the Stability and Growth Pact

Find legislation relating to the EU's Stability and Growth Pact

Legal basis

The legal basis of the stability and growth pact (SGP) are Articles 121 and 126 of the Treaty on the Functioning of the European Union (TFEU).

Protocol 12 of the Treaty gives further details on the excessive deficit procedure, including the reference values on deficit and debt. Article 136 of the TFEU provides for specific provisions to be adopted for the euro area. It is the basis for a sanctions regulation for euro area countries (included in the so-called six pack) and the so-called two pack regulation, which includes enhanced monitoring and surveillance in the euro area. 

Treaty on the Functioning of the European Union (TFEU)

Secondary legislation

Documents related to the Stability and Growth Pact prior to the 2024 reform

Vademecum

Code of conduct of the Stability and Growth Pact

Code of conduct of the Two-Pack

Treaty

Other documents