Assessments of Latvia’s convergence programme
As required by the Stability and Growth Pact, each spring Latvia submits a convergence programme which presents an update of the medium-term fiscal strategy.
Based on an assessment by the Commission prepared by DG ECFIN, the Council adopts an opinion on the programme and country-specific recommendations in the scope of the European Semester.
Euro area Member States submit stability programmes while countries outside the euro area submit convergence programmes.
The EU Excessive Deficit Procedure and Latvia
Currently, Latvia is not subject to an Excessive Deficit Procedure.