DEFICIT GUIDELINES
February 1st, 2003
Keith NuthallCOMPREHENSIVE guidelines on the reporting of government deficits within the European Union (EU) have been approved by the EU Council of Ministers, which wants to avoid statistical disputes over whether Member States have not complied with debt commitments made before adopting the Euro.Their goal was to prevent governments from devaluing the currency by running up excessive deficits, and so the Council has approved a Code of Best Practice for national banks and statistical authorities to follow when drawing up their accounts for examination by ...
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