council opinion februari updat stabil programm franc council european union regard treati establish european commun regard council regul ec juli strengthen surveil budgetari posit surveil coordin econom polici articl thereof regard recommend commiss consult econom financi committe deliv opinion februari council examin updat stabil programm franc cover period econom growth robust past year broadli line project updat stabil programm french economi regist consecut year strong gdp growth low inflat unemploy rate continu declin reach novemb year earlier sharp fall unemploy wage price develop remain moder headlin inflat increas due higher oil price council note build favour outcom expect expenditur growth slower initi project gener govern deficit estim gdp lower initi expect govern debt ratio estim gdp lower target percentag point broad econom polici guidelin aim expect revenu achiev faster reduct govern deficit council find budgetari outcom achiev take account favour econom public financ develop budgetari project updat programm base past macroeconom scenario cautiou scenario potenti growth stai current level year favour scenario potenti output estim gradual increas due stronger invest employ growth real gdp growth project follow inflationari scenario favour present econom polici target project case inflat project stai low level entir period council consid macroeconom scenario programm provid plausibl rang valu gdp growth macroeconom perform franc recent year probabl rise capac french economi sustain higher inflationari growth past result rise capit accumul fall structur unemploy council consid view macroeconom project favour scenario attain updat programm project gener govern surplu gdp favour scenario deficit cautiou govern debt ratio expect decreas altern macroeconom scenario develop reflect structur progress council regret deficit remain cautiou scenario project budgetari posit adequ safeti margin breach gdp deficit threshold normal circumst conform requir stabil growth pact council consid french govern seek situat budgetari balanc cautiou scenario advanc time budgetari surplu ahead favour line recommend updat stabil programm council welcom import tax reform implement compromis global fiscal trend reform line recommend broad econom polici guidelin measur aim improv function labour market council commend budgetari strategi base control real expenditur growth council consid budgetari polici base expenditur ceil requir effect system rein spend slippag detect field health care expenditur council invit french govern introduc mechan enabl respect expenditur norm council note increas expenditur includ financ law real term account signific part norm cumul increas period fix real term updat programm council note norm cumul increas expenditur revis upward real spend allow increas real term view council lower increas expenditur desir faster reduct govern deficit council consid budgetari margin matter prioriti strengthen budgetari posit prepar futur challeng notabl budgetari burden ag popul respect progress pension reform oj