CELEX: 11992M/PRO/DE/03
Language: en
Date: 1992-02-07 00:00:00
Title: Treaty on European Union - Protocol on the excessive deficit procedure - Article 3

Avis juridique important

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11992M/PRO/DE/03

Treaty on European Union - Protocol on the excessive deficit procedure - Article 3  

Official Journal C 191 , 29/07/1992 P. 0084

 Article 3  In order to ensure the effectiveness of the excessive deficit procedure, the governments of the Member States shall be responsible under this procedure for the deficits of general government as defined in the first indent of Article 2. The Member States shall ensure that national procedures in the budgetary area enable them to meet their obligations in this area deriving  from this Treaty. The Member States shall report their planned and actual deficits and the levels of their debt promptly and regularly to the Commission.