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Law-ref.org | TREATY ESTABLISHING A CONSTITUTION FOR EUROPE |
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government deficit [Global Index]
... whether the ratio of the planned or actual government deficit to gross domestic product exceeds a reference value, unless: ...
... If a Member State does not fulfil the requirements under one or both of these criteria, the Commission shall prepare a report. The Commission's report shall also take into account whether the government deficit exceeds government investment expenditure and take into account all other relevant factors, including the mediumterm economic and budgetary position of the Member State. ...