French Budget and the Rules of the Game

In order to improve coordination and surveillance at the euro area-level, all euro area Member States submit by mid-October their draft budgetary plans containing a detailed presentation of the planned budget for the forthcoming year. The Commission examines and provides an opinion on each of the plans; in case of severe non-compliance of a plan with the obligations under Stability and Growth Pact, the Commission may request that a revised plan be submitted.