Member States By SGP Criteria
The deficit and debt criterion is applied to both Eurozone and non-Eurozone EU member states. Data in the table are for the fiscal year 2011, being published as part of the European Commission's economic forecast in May 2012. And the past years with SGP breaches, were identified by the annexed table 53B and 55B from the report.
criteria breach |
Fiscal data for 2011 | Budget deficit to GDP | Debt-to-GDP ratio | Breaches of the deficit/debt rule |
Deadline for compliance with SGP |
---|---|---|---|---|
Reference value | max. 3.0% | max. 60.0% | ||
Austria | 2.6% | 072.2% | 1998-99, 2001, 2004, 2008−current | 2013 |
Belgium | 3.7% | 098.0% | 2008−current | 2012 |
Bulgaria | 2.1% | 016.3% | 2009−10 | Comply |
Cyprus | 6.3% | 071.6% | 1998-99, 2001–04, 2009-current | 2012 |
Czech Republic | 3.1% | 041.2% | 1998-2003, 2005, 2009-current | 2013 |
Denmark | 1.8% | 046.5% | No breaches1 | 2013 |
Estonia | -1.0% | 006.0% | 1999 | Comply |
Finland | 0.5% | 048.6% | No breaches1 | Comply |
France | 5.2% | 085.8% | 2002-05, 2007-current | 2013 |
Germany | 1.0% | 081.2% | 1998-99, 2002–05, 2008–10 | Comply |
Greece | 9.1% | 165.3% | 1998-current | 2014 |
Hungary | -4.3% | 080.6% | 1998-99, 2001–10 | 2012 |
Ireland | 13.1% | 108.2% | 2008-current | 2015 |
Italy | 3.9% | 120.1% | 2001-06, 2008-current | 2012 |
Latvia | 3.5% | 042.6% | 1999, 2008-current | 2012 |
Lithuania | 5.5% | 038.5% | 2000-01, 2008-current | 2012 |
Luxembourg | 0.6% | 018.2% | No breaches | Comply |
Malta | 2.7% | 072.0% | 1998-2004, 2008-current | 2011 |
Netherlands | 4.7% | 065.2% | 2003, 2009-current | 2013 |
Poland | 5.1% | 056.3% | 1998, 2001–06, 2008-current | 2012 |
Portugal | 4.2% | 107.8% | 1998-current | 2014 |
Romania | 5.2% | 033.3% | 1998-2001, 2008-current | 2012 |
Slovakia | 4.8% | 043.3% | 1998-2002, 2006, 2009-current | 2013 |
Slovenia | 6.4% | 047.6% | 2000-01, 2009-current | 2013 |
Spain | 8.5% | 068.5% | 2008-current | 2014 |
Sweden | -0.3% | 038.4% | No breaches | Comply |
United Kingdom | 8.3% | 085.7% | 2003-05, 2008-current | 2014 (FY) |
Eurozone 17 | 4.1% | 088.0% | 2003-05, 2008-current | |
EU27 | 4.5% | 083.0% | 2003-05, 2008-current |
Read more about this topic: Stability And Growth Pact
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