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Europe in brief: European Commission warns of new excessive budget deficit procedures starting in 2024

Europe in brief: European Commission warns of new excessive budget deficit procedures starting in 2024

by APA, BTA, dpa, FENA | 10.Mar 2023 | Digest

European rules oblige member states to keep their budget deficit below 3 percent of GDP. However, there was an exemption in place during the pandemic, which expires at the end of 2023. The EU states want to provide Ukraine with urgently needed artillery ammunition for the fight against Russia as quickly as possible. Austria will participate in an EU mission in Niger.

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