council decis june abrog decis ec exist excess deficit netherland ec council european union regard treati establish european commun articl thereof regard recommend commiss decis ec recommend commiss accord articl treati council decid excess deficit exist netherland accord articl treati council made recommend june address netherland view bring excess deficit situat end recommend conjunct articl council regul ec juli speed clarifi implement excess deficit procedur establish deadlin latest correct excess deficit accord articl treati council decis exist excess deficit abrog excess deficit member state concern view council correct definit quot govern quot quot deficit quot laid protocol excess deficit procedur refer european system integr econom account edit data excess deficit procedur provid commiss base data provid commiss report netherland march accord council regul ec novemb applic protocol excess deficit procedur annex treati establish european commun subsequ report revis gener govern account eurostat march commiss servic spring forecast conclus warrant gener govern deficit estim gdp compar outcom complianc council recommend issu articl treati reduct govern deficit refer gdp latest fiscal adjust pursu form substanti save measur partli contain budget partli decid addit consolid packag april stronger expect tax receipt addit revenu sale natur ga respons high oil price help reduc deficit budgetari measur gear secur last improv gener govern balanc commiss servic spring forecast project declin gener govern deficit gdp larg respons save measur structur natur ad gdp line offici target deficit gdp commiss servic spring forecast project base polici fall deficit gdp point durabl correct budget deficit budgetari consolid sustain reduct cyclic adjust deficit expect reach close balanc excess deficit correct cyclic adjust deficit fell markedli gdp compar gdp commiss servic spring forecast project cyclic adjust deficit decreas gdp gdp close balanc fall gdp march excess deficit procedur notif govern debt ratio gdp refer commiss servic spring forecast project remain threshold decis ec abrog adopt decis articl assess correct excess deficit situat netherland complet term recommend address netherland june accord articl treati articl decis ec abrog articl decis address kingdom netherland luxembourg june council presid juncker oj oj oj regul amend commiss regul ec oj