25-11 PROCEDURA APLICABILĂ DEFICITELOR EXCESIVE ÎN UNIUNEA EUROPEANĂ


EXCESSIVE DEFICIT PROCEDURE
IN THE EUROPEAN UNION
A balanced public financial system is the key to a flourishing country.
The following paper presents the Excessive Deficit Procedure initiated by
European Union bodies with the aim of correcting the non-compliance of
Member States in what concerns the thresholds regarding general budget
deficit and public debt. The first part of the paper offers a short analysis of the
general budget deficit in European Union while the second part focuses on
legal aspects of Excessive Deficit Procedure and its requirements. In the end,
the Excessive Deficit Procedure in Ireland, Great Britain and Greece is
described for a better understanding of the concept implementation and its
implications.
Keywords: Excessive Deficit Procedure, public debt, the European
Union
Cuvinte cheie: Deficit bugetar excesiv, datorie publică, Uniunea
Europeană
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