fiscal compact

What is fiscal compact?

fiscal compact definition and meaning on Finance terms:
A part (Title III) of the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union which stipulates that the budgetary position of the general government of signatory Member States shall be balanced or in surplus. See also
general government
Treaty on Stability, Coordination and Governance in the Economic and Monetary Union (TSCG)<

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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