council decis januari establish accord articl treati establish european commun effect action republ hungari respons recommend council accord articl treati ec council european union regard treati establish european commun articl thereof regard recommend commiss accord articl treati member state avoid excess govern deficit stabil growth pact base object sound govern financ mean strengthen condit price stabil strong sustain growth conduc employ creation stabil growth pact includ council regul ec juli speed clarifi implement excess deficit procedur set articl treati order prompt correct excess gener govern deficit amsterdam resolut european council stabil growth pact june solemnli invit parti member state council commiss implement treati stabil growth pact strict time manner decis ec council decid accord articl treati excess deficit exist hungari accord articl treati articl regul ec council adopt juli recommend hungarian author bring exist excess deficit end rapidli action medium term framework achiev object bring deficit gdp credibl sustain manner accord path deficit reduct converg programm submit hungarian author endors council opinion juli programm recommend establish deadlin novemb hungarian govern effect action measur envisag achiev deficit target gdp recommend council recommend republ hungari implement vigour measur envisag converg programm stand readi introduc addit measur view achiev gener govern deficit target gdp addit council invit hungarian author seiz opportun acceler fiscal adjust undertak envisag reform public administr health educ system ensur plan tax cut adequ financ make implement condit achiev deficit target accord articl regul ec council effect action respons recommend made accord articl treati base decis publicli announc decis govern member state concern assess publicli announc decis republ hungari issu council recommend accord articl treati deadlin set recommend lead conclus council recommend hungarian govern adopt number addit measur base expenditur side contribut signific declin budget deficit compar favour sustain reorient growth action suffici achiev budget deficit target gdp contain council recommend expect miss sizeabl margin number measur announc budget aim reduc budget deficit includ quot emerg quot reserv packag gdp overshoot target suffici meet deficit target gdp contain council recommend expect miss sizeabl margin measur hungarian author avoid deviat plan adjust path converg programm context continu commit hungarian govern excess deficit correct underpin decis measur fiscal consolid determin pursuit structur reform articl treati state council establish effect action respons recommend accord articl treati decid make recommend public line stabil growth pact resolut european council republ hungari agre make recommend public juli decid articl republ hungari effect action respons council recommend juli period laid recommend articl decis address republ hungari brussel januari council presid juncker oj oj oj oj