Comparison of key figures in the 2018 Stability Programmes and European Commission spring 2018 forecast

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Series Details June 2018
Publication Date June 2018
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The European Semester
The European Semester provides a framework for the coordination of economic policies across the European Union. It allows EU countries to discuss their economic and budget plans and monitor progress at specific times throughout the year.

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This document prepared by the Economic Governance Support Unit of DG Internal Policies of the European Parliament aims to show the differences between some key indicators of the 2018 Stability Programmes (SP) of the Euro Area Member States and the spring 2018 forecast of the European Commission (EC).

In accordance with Article 4 of Council Directive 2011/85/EU, the budgetary planning of the Member States 'shall be based on the most likely macrofiscal scenario or on a more prudent scenario. (…). Significant differences between the chosen macrofiscal scenario and the (most recent) Commission’s forecast shall be described with reasoning (…)'.

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European Commission: Economic and fiscal policy coordination: EU Economic governance: monitoring, prevention, correction: European Semester
European Commission: 2018 European Semester: National Reform Programmes and Stability/Convergence Programmes

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