Some of the Stability and Growth Pact's rules aim to prevent fiscal policies from heading in potentially problematic directions, while others are there to correct excessive budget deficits or excessive public debt burdens.
Commission guidance on fiscal policy orientations for 2021
On 19 September 2020 the European Commission sent a guidance letter to each Member State on the fiscal policy orientations for 2021. The letters sent to the euro area countries can be found here.
Non-euro area countries :
Detailed guidance on how the European Commission applies the rules of the Stability and Growth Pact:
Guidance on how to strengthen the link between structural reforms, investment and fiscal responsibility in support of jobs and growth:
- Making the best use of the flexibility within the existing rules of the Stability and Growth Pact (COM(2015)12 final, 13 January 2015)
- Commission issues guidance to encourage structural reforms and investment (press release, 13 January 2015)
- Frequently Asked Questions (Fact sheet, 13 January 2015)