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An estimate of costs, revenues, and resources over a specified period, reflecting a reading of future financial conditions and goals
40
votes
4
answers
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How did the European Union reach the figure of 3% as a maximum allowed deficit?
According to Wikipedia's article about Stability and Growth Pact:
The fiscal discipline is ensured by the SGP by requiring each Member
State, to implement a fiscal policy aiming for the country …
4
votes
2
answers
304
views
Is it possible for an EU country to incorrectly report annual deficit in order to obey Maast...
The Government proposed a budget that seems unsustainable in the current economical context:
significant reduction of some taxes, including VAT
pensions increase
social assistance expenditures increase … Romania managed to have budgetary deficit below the 3.0% threshold in the last years, but current budget plan is based on unrealistic figures. …
24
votes
7
answers
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views
Why does Germany have such a rather small defense budget?
I am wondering why Germany has not increased it's defense spending, despite having a budget surplus.
Question: Why does Germany have such a rather small defense budget? …
11
votes
3
answers
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views
Why does France have systematic difficulties in obtaining a budget deficit below 3%?
According to this article France plans for a budget deficit slightly over the EU allowed limit of 3%:
France's budget deficit is likely to overshoot the European Union's
limit of 3 percent of GDP … Question: Why does France have systematic difficulties in obtaining a budget deficit below 3%? …