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An important EC movement on Poland. It's about the excessive deficit procedures

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The European Commission is considering suspending the excessive deficit procedure against Poland

EU Commissioner for Economic Affairs Valdis Dombrovskis said on Wednesday, June 4 that the EC was considering suspension of the excessive deficit procedure against Poland. He can make a similar decision to France, Malta, ServeHungarian and Chill. The Brussels correspondent of Polish Radio Beata Płomecka determined that It is not about the official suspension of the procedurefor which the consent of the Member States must be. The Commission will not apply for such consent. – The European Commission will not deal with the situation in these countries and will not settle them from the reduction plans deficit – said one of the officials in the committee.

Why was Poland covered by the excessive deficit procedure?

Member States must comply with budget discipline in accordance with the criteria and reference values ​​specified in the Treaties of the European Union. The deficit should not exceed 3 percent. Gross domestic product (GDP) of a given country, A debt – 60 percent GDP. If an excessive deficit occurs in the EU country, the excessive deficit procedure is to get it to correct it. The state is subjected reinforced control and receives recommendations on taking effective actions to correct the deficit. Poland was covered by the excessive deficit procedure in July 2024.

The article is updated



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