In accordance with the provisions of the 12 July 2014 law, the CNFP has assessed compliance with the structural balance rule on the basis of the figures transmitted to the European Commission (Eurostat) in the so-called “EDP notifications”.
These EDP notifications are submitted by the Government/STATEC on 1 April and 1 October of each year and it is on the basis of those figures that the CNFP is called to assess whether the structural balance is complied with or whether there is a ‘significant deviation’ triggering the automatic correction mechanism.
For 2016 and 2017, the CNFP concludes that the structural balance rule is complied with, irrespective of the methodologies used to compute the output gap.
The analysis for 2017 will be updated at the time of the next EDP notification on 1 April 2018.
A more detailed assessment (in French only) can be downloaded through the link below.