Council opinion of 27 February 2007 on the updated stability programme of Finland, 2006-2010

What Council opinion of 27 February 2007 on the updated stability programme of Finland, 2006-2010 requires

On 27 February 2007, the Council of the European Union examined the updated stability programme of Finland, covering the period 2006 to 2010, pursuant to Council Regulation (EC) No 1466/97 on the strengthening of the surveillance of budgetary positions and the surveillance and coordination of economic policies, and in particular Article 5(3) thereof. The programme was assessed against macroeconomic projections, budgetary targets, debt sustainability, and consistency with the Stability and Growth Pact. The main goal of the medium-term budgetary strategy in the programme is securing sustainability in general government finances and balanced central government finances under normal conditions of economic growth. The medium-term objective (MTO) for the budgetary position presented in the programme is a structural surplus of 2% of GDP, which Finland plans to maintain throughout the programme period. Government gross debt is estimated to have declined to 39% of GDP in 2006, well below the 60% of GDP Treaty reference value. The Council considers that the medium-term budgetary position is sound and the budgetary strategy provides a good example of fiscal policies conducted in compliance with the Stability and Growth Pact. Nevertheless, expenditure restraint will remain crucial in the coming years when the forecast cooling of the economy slows growth in the tax bases and the impact of ageing population kicks in.

Pillar: Legal & IP Sovereignty · Authority: Council of the European Union · Version: 1.0.0 · Last updated: 2007-02-27

Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32007A0328(01)

SHA-256 integrity: b07f9666ff6ca98f732461aced37c21028b7b9012b9d9bd5303a53330aa4ef62

Primary Citations — 10 traced to source

• Paragraph (1): 'On 27 February 2007 the Council examined the updated stability programme of Finland, which covers the period 2006 to 2010.'
• Paragraph (3): 'For 2006, the general government surplus is estimated at 2,9 % of GDP in both the Commission services' autumn 2006 forecast and in the current programme update, against a target of 1,6 % of GDP set in the previous update of the stability programme.'

+ 8 more citations (full bibliography, deterministic workflow, actionable schema and crosswalks) included in the vault unlock — $0.01 via Skyfire / L402 / Direct Base USDC.

Access

• Discovery (free): /api/v1/nodes/eu-celex-32007a0328-01.json — 6-field metadata
• Vault (full node): /api/v1/vault/nodes/eu-celex-32007a0328-01.json — full 13-key payload, $0.01 USDC (L402/Skyfire/Direct Base)
• Canonical URL: https://bidda.com/intelligence/eu-celex-32007a0328-01
• Back to registry: Browse all 10,131 compliance nodes