# Commission Delegated Regulation (EU) No 877/2013Show full title

Commission Delegated Regulation (EU) No 877/2013 of 27 June 2013 supplementing Regulation (EU) No 473/2013 of the European            Parliament and of the Council on common provisions for monitoring and assessing draft budgetary plans and ensuring the correction            of excessive deficit of the Member States in the euro area         

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# Commission Delegated Regulation (EU) No 877/2013                     

# of 27 June 2013

# supplementing Regulation (EU) No 473/2013 of the European Parliament and of the Council on common provisions for monitoring                        and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area                     

THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to Regulation (EU) No 473/2013 of the European Parliament and of the Council of 21 May 2013 on common provisions                           for monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States in                           the euro area(1), and in particular Article 10(3) thereof,                        

Whereas:

(1)Regulation (EU) No 473/2013 sets up a closer monitoring for Member States whose currency is the euro in excessive deficit                              procedure by means of additional reporting requirements aiming at ensuring prevention and early correction of any deviations                              from the Council recommendations or decisions to give notice to correct the excessive deficit.

(2)Such monitoring complements the existing reporting obligations set out in Article 3(4)(a) and Article 5(1)(a) of Council Regulation                              (EC) No 1467/97 of 7 July 1997 on speeding up and clarifying the implementation of the excessive deficit procedure(2) which require that a Member State in excessive deficit procedure subject to a Council recommendation made in accordance with                              Article 126(7) of the Treaty or a notice made in accordance with Article 126(9) of the Treaty shall report to the Council                              and the Commission on action taken to correct the excessive deficit. This report shall include the targets for government                              expenditure and revenue and for the discretionary measures on both the expenditure and the revenue side consistent with the                              Council’s recommendation, as well as information on the measures taken and the nature of those envisaged to achieve the targets.

(3)Regulation (EU) No 473/2013 complements this initial reporting requirement by requiring a more frequent reporting from Member                              States whose currency is the euro which are in excessive deficit. The latter will have to report to the Commission and to                              the Economic and Financial Committee (EFC) every six months if subject to a Council recommendation made in accordance with                              Article 126(7) and every three months if subject to a Council decision to give notice in accordance with Article 126(9) TFEU                              on the action taken to correct the excessive deficit. The reporting should contain, for the general government and its sub-sectors,                              the in-year budgetary execution, the budgetary impact of discretionary measures taken on both the expenditure and the revenue                              side, targets for the government expenditure and revenues and information on the measures adopted and the nature of those                              envisaged to achieve the targets. This more frequent reporting will help the Commission and the EFC to continuously monitor                              whether the Member State concerned is on track to correct its excessive deficit.

(4)According to Article 10(3) of Regulation (EU) No 473/2013, the content of this additional reporting is to be specified by                              the Commission. This delegated act provides a clear framework for the information to be reported by Member States whose currency                              is the euro and which are subject to an excessive deficit procedure. The reporting established by this delegated Regulation                              will provide a structured and harmonised view of the budgetary situation of the Member States concerned. The report should                              contain annual and quarterly data in order to provide details on the on-going correction. Data should be reported on a cash                              and accrual basis (according to the European System of National Accounts ESA) in order to allow a better understanding of                              the dynamics of the budgetary situation. Given that an excessive deficit procedure can be open on the basis of non-compliance                              with either or both the deficit and the debt-to-GDP Treaty reference values, the evolution of the main components of the general                              government deficit and debt developments should be reported.

(5)Actual data reported under this delegated act should be consistent with data reported to Eurostat in the context of the excessive                              deficit procedure,

HAS ADOPTED THIS REGULATION:

## [F1Article 1U.K.Subject matter

This Regulation lays down specifications concerning the content of the reports that Member States whose currency is the euro                        are required to submit pursuant to Article 10(3) of Regulation (EU) No 473/2013.]                   

Textual Amendments

F1Substituted by Commission Delegated Regulation (EU) 2020/1069 of 19 June 2020 amending Delegated Regulation (EU) No 877/2013 supplementing                                 Regulation (EU) No 473/2013 of the European Parliament and of the Council on common provisions for monitoring and assessing                                 draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area.

## Article 2U.K.Structure and content of the reporting

1.The reports referred to in Article 1 shall have the following structure:                  
          -  Actual balances, debt developments, and updated budgetary plans for the period of correction for the general government and                           its sub-sectors;                         
          -  Description and quantification of the fiscal strategy in nominal and structural terms (cyclical component of the balance,                           net of one-off and temporary measures) to correct the excessive deficit by the deadline set by the Council in the view of                           the latest Council recommendation or decision to give notice in accordance with Article 126(7) or Article 126(9) TFEU, including                           detailed information on budgetary measures planned or already taken to achieve these targets and their budgetary impact.                         

2.The reports shall include tables as indicated in the Annex to this Regulation.                  

## [F2Article 2aU.K.Structure and content of the reporting of Member States under enhanced surveillance pursuant to Article 2(3) and (4) of Regulation                           (EU) No 472/2013 as a result of having drawn on the Pandemic Crisis Support of the European Stability Mechanism

1.Where a Member State is subject to enhanced surveillance solely as a result of having drawn on the Pandemic Crisis Support                           of the European Stability Mechanism, the in-year reporting requirement pursuant to Article 10 of Regulation (EU) No 473/2013                           shall pertain to the use of the Pandemic Crisis Support funds to cover direct and indirect healthcare, cure and prevention-related                           costs related to the COVID-19 pandemic.                  

2.The reports shall include the table indicated in Annex II.]                  

Textual Amendments

F2Inserted by Commission Delegated Regulation (EU) 2020/1069 of 19 June 2020 amending Delegated Regulation (EU) No 877/2013 supplementing                                 Regulation (EU) No 473/2013 of the European Parliament and of the Council on common provisions for monitoring and assessing                                 draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area.

## Article 3U.K.Entry into force

This Regulation shall enter into force on the third day following that of its publication in the *Official Journal of the European Union*.                  

This Regulation shall be binding in its entirety and directly applicable in the Member States in accordance with the Treaties.

## [F1ANNEX I]U.K.**Tables to be included in the reports to be submitted in accordance with Article 10(3) of Regulation (EU) No 473/2013 on common                           provisions for monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member                           States in the euro area**

*NB:* In tables below, Year t corresponds to the year of submission of the report. Reporting for the items indicated in bold is                     compulsory. The conceptual framework agreed in the context of Council Directive 2011/85/EU(3) should be implemented.U.K.                  

### *Table 1a*

**In-year quarterly budgetary execution on cash basis**b**for the general government and its sub-sectors**c

### *Table 1b*

**In-year quarterly budgetary execution and prospects in accordance with ESA standards and seasonally non-adjusted**b**for the general government and its sub-sectors**

### *Table 1c*

**Annual budgetary targets in accordance with ESA standards for the general government and its sub-sectors**

### *Table 2*

**Targets for the expenditure and revenues of the general government (S.13) in accordance with ESA standards**

### *Table 3a*

**Budgetary measures adopted and envisaged by the general government and its sub-sectors on both the expenditure and the revenue                           side to achieve the targets presented in Table 2**

### *Table 3b*

**In-year quarterly reporting on the budgetary impact of the measures presented in Table 3a**

### *Table 4*

**General government (S.13) debt developments and prospects**

## [F2ANNEX IIU.K.

### *Table to be transmitted quarterly*

**Costs related to the COVID-19 pandemic**

1

OJ L 140, 27.5.2013, p. 11.                           

2

OJ L 209, 2.8.1997, p. 6.                           

3

OJ L 306, 23.11.2011, p. 41.