council decis januari exist excess deficit unit kingdom ec council european union regard treati establish european commun articl thereof regard recommend commiss regard observ made unit kingdom articl treati lai excess deficit procedur edp ensur member state avoid excess govern deficit correct deficit occur pursuant point protocol provis relat unit kingdom great britain northern ireland oblig articl treati avoid excess gener govern deficit appli unit kingdom move stage econom monetari union stage unit kingdom requir endeavour avoid excess govern deficit pursuant articl treati stabil growth pact base object sound govern financ mean strengthen condit price stabil strong sustain growth conduc employ creation excess deficit procedur articl treati clarifi council regul ec juli speed clarifi implement excess deficit procedur part stabil growth pact decis exist excess deficit protocol excess deficit procedur annex treati set provis relat implement excess deficit procedur council regul ec lai detail rule definit applic provis protocol articl treati requir commiss address opinion council commiss consid excess deficit member state exist occur account report accord articl treati regard opinion econom financi committe accord articl commiss servic autumn forecast unit kingdom decemb pre budget report commiss conclud excess deficit exist unit kingdom commiss address opinion council respect unit kingdom januari articl treati state council observ member state concern make decid assess excess deficit exist case unit kingdom assess lead conclus period unit kingdom previou excess deficit procedur abrog uk gener govern balanc move comfort surplu posit late deficit gdp develop equival chang structur fiscal balanc percentag point gdp period year gener govern expenditur ratio increas gdp period govern gross fix capit format increas gdp govern gross debt ratio gdp increas evolut coupl develop interest rate led interest payment fallen gdp period financi year edp data notifi unit kingdom august gener govern deficit remain gdp close gdp treati refer excess gdp refer except result unusu event control unit kingdom author result sever econom downturn growth estim potenti growth financi year output gap estim posit impli budget deficit larg structur excess deficit refer consid result sever econom downturn excess gdp refer consid temporari base commiss servic autumn forecast gener govern gross fix capit format continu increas rise gdp unit kingdom pre budget report set reach assum unit kingdom fiscal polici remain hitherto announc deficit forecast expect widen gdp remain gdp base project excess refer consid except temporari mean treati stabil growth pact deficit close refer commiss servic autumn forecast publish unit kingdom announc polici decis pre budget report present parliament decemb net term unit kingdom author cost measur compar baselin announc polici account commiss servic autumn forecast repres eas polici percentag point gdp current financi year tighten polici percentag point gdp compar unchang polici scenario pre budget report forese tighten percentag point gdp expect perman pre budget report uk author expect deficit fall take consider measur structur commiss assess remain deficit gdp expect exce gdp temporari treati requir deficit criterion fulfil contrast gener govern debt ratio remain refer august edp data report ratio gdp financi year scale actual project primari deficit rise trend commiss autumn forecast debt ratio project reach gdp mean treati requir debt criterion respect larg margin articl regul ec quot relev factor quot account council decis exist excess deficit accord articl doubl condit deficit remain close refer excess refer temporari fulli met doubl condit met case unit kingdom relev factor account decis adopt decis articl assess excess deficit exist unit kingdom articl decis address unit kingdom great britain northern ireland brussel januari council presid grasser oj regul amend regul ec oj oj regul amend regul ec oj august edp notif revis gdp unit kingdom august data valid eurostat septemb