| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/07/1303 (12.9.07) |
| Publication Date | 12/09/2007 |
| Content Type | News |
|
The European Commission has decided to recommend that the Ecofin Council abrogate the Excessive Deficit Procedure (EDP) for the United Kingdom. Its budget deficit for the financial year 2006/07 fell below 3% of GDP, due to an improvement in the structural balance. Further fiscal consolidation is forecast in 2007/08 and 2008/09. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/07/1303&format=HTML&aged=0&language=EN&guiLanguage=en |
| Countries / Regions | United Kingdom |
