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2003/0295(CNS) Government debt: compilation and transmission of data on a quaterly basis, ESA 95 categories

Progress: Procedure completed

RoleCommitteeRapporteurShadows
Lead ECON LULLING Astrid (icon: PPE-DE PPE-DE)
Lead committee dossier:
Legal Basis:
EC Treaty (after Amsterdam) EC 104-p14-a3

Events

2004/07/02
   Final act published in Official Journal
Details

PURPOSE : to regulate the compilation and transmission of quarterly government debt figures.

LEGISLATIVE ACT : Council Regulation 1222/2004/EC concerning the compilation and transmission of data on the quarterly government debt.

CONTENT : Council Regulation 3605/93/EC on the application of the Protocol on the excessive deficit procedure annexed to the Treaty establishing the European Community contains the definition of government debt outstanding at the end of the year that is relevant for the purpose of the excessive deficit procedure and lays down a timetable for the reporting to the Commission of annual government debt and of other annual government data.

The availability of government data, including government debt data, with a quarterly frequency is of the utmost importance for the economic analysis and proper monitoring of the budgetary situation in the Member States. For the sake of clarity, and given the specific role of Regulation 3605/93/EC in the implementation of the excessive deficit procedure, this Regulation governs the compilation and transmission of quarterly government debt data.

It defines quarterly government debt in a way that ensures consistency with the definition of government debt outstanding at the end of the year, of Regulation 3605/93/EC.

Member States must compile and transmit to the Commission data on the quarterly government debt at the latest three months after the end of the quarter to which the data refer. Any revision of data for previous quarters will be transmitted at the same time. The first transmission of the data on the quarterly government debt will take place by 31 December 2004. The Commission may grant a derogation, not exceeding one year, concerning the first transmission of quarterly data, insofar as national statistical systems require major change.

The Regulation contains provisions on back data and future amendments of Regulation 3605/93/EC.

ENTRY INTO FORCE : 22/07/04.

Documents
Regulation 2004/1222
OJ L 233 02.07.2004, p. 0001-0002
2004/06/28
   EP/CSL - Act adopted by Council after consultation of Parliament
2004/06/28
   EP - End of procedure in Parliament
2004/06/28
   CSL - Council Meeting
2004/04/19
   ECB - Document attached to the procedure
Documents
OJ C 134 12.05.2004, p. 0014-0014
CON/2004/0014
2004/03/30
   EP - Text adopted by Parliament, 1st reading/single reading
Documents
T5-0208/2004
OJ L 103 29.04.2004, p. 0032-0159 E
2004/03/30
   EP - Decision by Parliament
Documents
T5-0208/2004
2004/03/16
   EP - Committee report tabled for plenary, 1st reading/single reading
Documents
A5-0170/2004
2004/03/16
   EP - Vote in committee
2004/03/15
   EP - Committee report tabled for plenary, 1st reading/single reading
Documents
A5-0170/2004
2004/01/20
   EP - LULLING Astrid (PPE-DE) appointed as rapporteur in ECON
2003/12/18
   EP - Committee referral announced in Parliament
2003/12/09
   EC - Legislative proposal
Documents
COM(2003)0761
EUR-Lex
2003/12/08
   EC - Legislative proposal published
Documents
COM(2003)0761
EUR-Lex

Documents

History

(these mark the time of scraping, not the official date of the change)

2023-08-03Show (7) Changes | Timetravel
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2020-01-19Show (10) Changes | Timetravel
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2019-07-06Show (11) Changes | Timetravel
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  • date: 2004-07-02T00:00:00 type: Final act published in Official Journal summary: PURPOSE : to regulate the compilation and transmission of quarterly government debt figures. LEGISLATIVE ACT : Council Regulation 1222/2004/EC concerning the compilation and transmission of data on the quarterly government debt. CONTENT : Council Regulation 3605/93/EC on the application of the Protocol on the excessive deficit procedure annexed to the Treaty establishing the European Community contains the definition of government debt outstanding at the end of the year that is relevant for the purpose of the excessive deficit procedure and lays down a timetable for the reporting to the Commission of annual government debt and of other annual government data. The availability of government data, including government debt data, with a quarterly frequency is of the utmost importance for the economic analysis and proper monitoring of the budgetary situation in the Member States. For the sake of clarity, and given the specific role of Regulation 3605/93/EC in the implementation of the excessive deficit procedure, this Regulation governs the compilation and transmission of quarterly government debt data. It defines quarterly government debt in a way that ensures consistency with the definition of government debt outstanding at the end of the year, of Regulation 3605/93/EC. Member States must compile and transmit to the Commission data on the quarterly government debt at the latest three months after the end of the quarter to which the data refer. Any revision of data for previous quarters will be transmitted at the same time. The first transmission of the data on the quarterly government debt will take place by 31 December 2004. The Commission may grant a derogation, not exceeding one year, concerning the first transmission of quarterly data, insofar as national statistical systems require major change. The Regulation contains provisions on back data and future amendments of Regulation 3605/93/EC. ENTRY INTO FORCE : 22/07/04. docs: title: Regulation 2004/1222 url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=32004R1222 title: OJ L 233 02.07.2004, p. 0001-0002 url: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2004:233:TOC
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Convergence of economic policies, public deficit, interest rates
2015-11-04Show (2) Changes | Timetravel
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2014-11-10Show (5) Changes
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  • date: 2003-12-09T00:00:00 docs: url: http://www.europarl.europa.eu/registre/docs_autres_institutions/commission_europeenne/com/2003/0761/COM_COM(2003)0761_EN.pdf celexid: CELEX:52003PC0761:EN type: Legislative proposal published title: COM(2003)0761 type: Legislative proposal published body: EC commission: DG: url: http://ec.europa.eu/dgs/economy_finance/index_en.htm title: Economic and Financial Affairs
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Legislation
title
Government debt: compilation and transmission of data on a quaterly basis, ESA 95 categories
type
CNS - Consultation procedure
final
subject
5.10.01 Convergence of economic policies, public deficit, interest rates
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