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This note gives a short overview of the main steps in the framework of euro area Member States’ budgetary policy coordination and surveillance during the autumn cycle of the European Semester. This enhanced monitoring and surveillance of euro area Member States’ budgetary policies is done in accordance with EU law. It aims to identify and correct at an early stage during the Semester cycle any risks of deviation from fiscal policy recommendations agreed by the Member States, ultimately by asking ...

The tables compare key features of the (updated) 2015 Draft Budgetary Plans (DBP) with the autumn 2014 forecasts by the European Commission (EC) and the commitments under the Stability and Growth Pact.