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1996/0248(CNS)

Excessive Deficit Procedure Implementation Regulation

PROPOSAL FOR A COUNCIL REGULATION (EC) ON SPEEDING UP AND CLARIFYING THE IMPLEMENTATION OF THE EXCESSIVE DEFICIT PROCEDURE

Stage
In force, reached 2 Aug 1997
In force
In force since 1 Jan 1999 · CELEX 31997R1467
Procedure
Regulation · Consultation procedure
Last activity
1 Jan 1999
8 documents

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Summary

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Council Regulation (EC) No 1467/97 sets the deadlines and steps of the EU excessive deficit procedure, as amended by Regulation (EU) 2024/1264 of 29 April 2024. It applies to all Member States, with fines of up to 0.05% of GDP per six months for euro area states. The Council decides on an excessive deficit as a rule within four months of the reporting dates.

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Sources: EP Legislative Observatory · EU Law Tracker · EUR-Lex. Record as of 12 Oct 2026. Something wrong on this page? Report an error.

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