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.
The budgetary rule on the structural balance will probably be respected for the year 2021. This preliminary finding can only be definitively confirmed with the EDP notification of October 1, 2022.
Regarding the ex-ante analysis for 2022, the budgetary rule on the structural balance would probably not be respected. Due to the continued activation of the general escape clause by the European and national authorities, the correction mechanism would not be triggered for 2022.
A more detailed assessment (in French only) can be downloaded through the link below.