Deficit Control

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August 31, 2024 4 min read Definitions
Excessive Deficit Procedure (EDP): A Mechanism to Correct Deficits
Economics Finance Excessive Deficit Procedure EDP Fiscal Discipline European Union Deficit Control
The Excessive Deficit Procedure (EDP) is a mechanism designed to correct member states whose deficits exceed 3% of GDP. It aims to maintain fiscal discipline within the European Union.
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