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On 1 October 2015, at the request of the Committee on Budgetary Control, the Policy Department for Budgetary Affairs organised a half-day workshop on EPSAS project (European Public Sector Accounting Standards) and its implications on the EU budget implementation in the Member States. Experts from the Commission, ECB, PwC, National Accounting Offices and Ministries presented their views on the state of play and challenges for national administrations related to EPSAS implementation. The aim of ...

Forecasting Budgetary Deficits

Μελέτη 01-03-1999

Under the Stability and Growth Pact countries in the Euro area are required to balance their budgets over the economic cycle, with an upper deficit limit of 3%. Will this be possible? This study examines the sensitivity of different countries' revenues and expenditures to changes in economic conditions, including a worst-case 'bust' scenario.