council opinion februari updat stabil programm itali council european union regard treati establish european commun regard council regul ec juli strengthen surveil budgetari posit surveil ordin econom polici articl thereof regard recommend commiss consult econom financi committe deliv opinion februari council examin itali updat stabil programm cover period programm submit decemb larg compli data requir revis quot code conduct content format stabil converg programm quot inform addit measur foreseen achiev budgetari target order assess precis path composit adjust commit progress reduc relianc measur budgetari strategi reli progress increas primari balanc major part adjust close balanc surplu posit take place outer year programm govern state aim reduc tax social secur contribut burden brunt adjust born primari expenditur plan high primari surplus sizeabl privatis entail steadi declin debt ratio programm period macroeconom framework updat project real gdp growth acceler estim period growth estim averag employ growth full time equival nation account definit expect strengthen estim averag hicp inflat plan eas declin inform project growth underpin programm appear high side current forecast rang evolut potenti growth medium term reflect favour assumpt contribut capit deficit expect gdp limit spite advers cyclic develop govern target gener govern deficit gdp cyclic adjust term base commiss calcul commonli agre methodolog estim improv percentag point gdp project headlin deficit gdp balanc final year cyclic adjust term improv amount half percentag point gdp averag risk budgetari stanc programm provid suffici safeti margin breach gdp deficit threshold normal macroeconom fluctuat risk stem underestim primari expenditur baselin project downsid risk macroeconom scenario mention econom condit turn weaker foreseen deficit threshold breach envisag measur outer year programm defin includ replac measur adopt reason budgetari stanc updat insuffici ensur stabil growth pact medium term object budgetari posit close balanc surplu achiev programm period debt ratio fell assum programm project declin programm period gdp evolut ambiti foreseen previou updat evolut debt ratio favour project risk deficit outcom mention level expect proce privatis programm concern express pace debt reduct opportun italian author acceler pace basi current polici risk budgetari imbal emerg futur due ag popul rule secur adequ primari surplu essenti debt reduct make notic contribut meet cost ag complement measur rais employ rate older worker women control evolut ag relat spend plan reform pension system unveil late implement make substanti contribut achiev object postpon implement draft legisl pension reform consist pursuit sustain orient fiscal strategi econom polici reflect updat programm partli consist recommend broad econom polici guidelin specif budgetari implic includ request improv cyclic adjust budget posit gdp year calcul commonli agre methodolog risk persist plan replac measur implement structur expenditur cut pace reduct debt ratio final time implement govern draft legisl pension reform essenti order dampen project increas ratio pension expenditur gdp twenti year oj