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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
5k views

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 …
Alexei's user avatar
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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. …
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  • 53.5k
24 votes
7 answers
11k 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? …
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11 votes
3 answers
1k 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%? …
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