Term:
Stability programmes, European
Definition:
Stability programmes refer to medium-term government plans and assumptions provided by participating Member States regarding the development of key economic variables towards the achievement of the medium-term objective of a budgetary position close to balance or in surplus as referred to in the Stability and Growth Pact. Regarding budgetary positions, measures to consolidate fiscal balances as well as underlying economic scenarios are highlighted.
Domain:
Finance
Source:
European Central Bank Annual Report, 2000, Glossary