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Economy and Finance

Stability and Growth Pact

The Stability and Growth Pact (SGP) is a set of rules designed to ensure that countries in the European Union pursue sound public finances and coordinate their fiscal policies.

The corrective arm/ Excessive Deficit Procedure
The corrective arm of the Stability and Growth Pact ensures that Member States adopt appropriate policy responses to correct excessive deficits (and/or debts) by implementing the Excessive Deficit Procedure (EDP).
Fiscal policy guidance
The European Commission Communications providing Member States with guidance on the conduct and coordination of fiscal policy.