Treaty on the Functioning of the European Union (TFEU)

• Art. 121 of the Treaty (ex Art. 99 TEC) - multilateral surveillance
• Art. 126 of the Treaty (ex Art. 104 TEC) - the Excessive Deficit Procedure (EDP)
• Protocol (No 12) on the Excessive Deficit Procedure annexed to the Treaty
• Art. 136 of the Treaty - specific economic policy guidelines for the euro area to strengthen coordination and surveillance of budgetary discipline, in accordance with the relevant procedures from Articles 121 and 126.

Secondary legislation

• Council Regulation (EC) 1466/97  on the strengthening of the surveillance of budgetary positions and the surveillance and coordination of economic policies, as amended by Council Regulation (EC) 1055/2005 of 27 June 2005 and Regulation (EU) No 1175/2011 - the preventive arm of the Stability and Growth Pact
• Council Regulation (EC) 1467/97  on speeding up and clarifying the implementation of the Excessive Deficit Procedure, as amended by Council Regulation (EC) No 1056/2005 of 27 June 2005 and Regulation (EU) No 1177/2011 - the corrective arm of the Stability and Growth Pact
• Council Regulation (EC) 479/2009 on the application of the Protocol on the EDP
• Regulation (EU) No 1173/2011 on the effective enforcement of budgetary surveillance in the euro area – sanctions regulation
• Directive 2011/85/EU on requirements for budgetary frameworks of the Member States

Other

• Code of conduct  - "Specifications on the implementation of the Stability and Growth Pact and guidelines on the format and content of stability and convergence programmes", on 3 September 2012
• Resolution of the European Council on the Stability and Growth Pact, Amsterdam, 17 June 1997- established the political basis of the SGP.  It contains commitments by Member States, the Commission and the Council on how to implement the SGP.
• European Council Presidency conclusions of 22-23 March 2005 , endorsing and including the ECOFIN Council report of 20 March 2005 on "Improving the implementation of the Stability and Growth Pact"
• Treaty on Stability, Coordination and Governance in the economic and monetary Union    (including Fiscal Compact) - inter-governmental treaty

The Commission proposed two draft regulations in November 2011 (the "two-pack"), which are nearing the end of the legislative process.  The draft Regulations will enhance the coordination and surveillance for budgetary processes for all euro area Member States, and especially for those countries that have excessive deficits, that are experiencing or are at serious risk of financial instability, or that are under a financial assistance programme. 

• Proposal for a Regulation on common provisions for monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area - COM (2011) 821 final
• Proposal for a Regulation on the strengthening of economic and budgetary surveillance of Member States  experiencing or threatened with serious difficulties with respect to their financial stability in the euro area - COM (2011) 819 final