REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL on the quality of fiscal data reported by Member States in 2016
The Report provides information about the manner and extent to which Member States have provided fiscal data during 2016 in accordance with Council Regulation (EC) No 479/2009. Article 8(3) of the Regulation requires the Commission (Eurostat) to report regularly to the European Parliament and the Council on the quality of the actual fiscal data reported by Member States. The Report has been prepared to meet this requirement, based on data submitted by Member States in 2016.
The fiscal data required is that for the Excessive Deficit Procedure (EDP) a mechanism that provides for steps to be taken against any Member State in a position of excessive deficit or debt. The report provides an overall assessment of compliance with accounting rules, completeness, reliability, timeliness and consistency of the data.