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EU debt rules: Commission launches excessive deficit procedure against Austria.

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Published: June 4th, 2025,
Last updated: June 5th, 2025

Economic Affairs Commissioner Valdis Dombrovskis announced unpleasant news for Austria and Romania.

According to the latest Commission forecasts, Austria will have a government deficit of 4.4% of GDP in 2025. Next year, the deficit is expected to fall only slightly to 4.2%. As this is well above the 3% threshold stipulated in the treaty, the EU Commission recommended on Wednesday that an excessive deficit procedure be initiated against Austria. The decision will be made by the Council.

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Valdis Dombrovskis Financial policy EU debt rules Fiscal policy