Traduction de «to cover a deficit » (Anglais → Français) :

Hence, the Stability Pact and hence, in Maastricht in its time, today Article 123 of the Treaty on the Functioning of the European Union forbids deficits or the granting of credit to cover those deficits by the European Central Bank and the central banks of the Member States whose currency is the euro.

In establishing the existence of an excessive deficit based on the deficit criterion and the steps leading to it, there is a need to take into account the whole range of relevant factors covered by the Commission’s report under Article 126(3) TFEU if the ratio of government debt to GDP does not exceed the reference value.

Non-compliance with the numerical benchmark for debt reduction should not be sufficient to establish the existence of an excessive deficit, which should take into account the whole range of relevant factors covered by the Commission’s report under Article 126(3) TFEU.

This Regulation sets out the rules covering the content, the submission, the examination and the monitoring of stability programmes and convergence programmes as part of multilateral surveillance by the Council and the Commission so as to prevent, at an early stage, the occurrence of excessive general government deficits and to promote the surveillance and coordination of economic policies thereby supporting the achievement of the Union's objectives for growth and employment’.

C. whereas the Commission has presented a proposal to mobilise the flexibility instrument according to point 24 of the IIA of 6 May 1999, for a total amount of EUR 125 million of which EUR 66 million is intended to cover the deficit of heading 5 in the PDB, EUR 32 million for the reform of the Common Fisheries Policy and 27 million to finance the second part of the restructuring of the Community fleet,

23. Notes that the level of administrative expenditure increases by 5.2% on budget 2002, including the cost of enlargement and pensions, thus exceeding the ceiling of heading 5 in 2003 by 66 million; considers that the proposal to use the flexibility instrument to cover the deficit runs counter to both the spirit and letter behind its creation and that a more detailed evaluation should be made of all the institutions' needs including all possibilities for frontloading 2003 expenditure and a common approach towards the controlled development of Agencies, in order to ease the pressure on the 2003 budget as this could provide an alternativ ...[+++]e solution under the ceiling of heading 5; urges the Council with reference to the EP's position to voluntarily to restrict itself to one fifth of heading 5, to revise the rate of increase of its administrative expenditure; calls for an agreement with Council at the July conciliation on the procedure to be followed in view of achieving an agreement before Council's second reading at the latest;