The recommendations contain a corrective budgetary path, expressed in numerical terms, and a deadline, for each member state, an official release said.
These are in line with each member states’ objectives, expressed in their medium-term fiscal-structural plans, submitted in the context of the implementation of the EU’s new economic governance framework.
The Council has recommended that France should put an end to the excessive deficit situation by 2029. France should ensure that the nominal growth rate of net expenditure does not exceed 0.8 per cent in 2025, 1.2 per cent in 2026, 1.2 per cent in 2027, 1.2 per cent in 2028 and 1.1 per cent in 2029.
It has recommend that Italy should put an end to the excessive deficit situation by 2026. Italy should ensure that the nominal growth rate of net expenditure does not exceed 1.3 per cent in 2025 and 1.6 per cent in 2026.
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