What reference values trigger the Excessive Deficit Procedure under the Stability and Growth Pact?

Question

EPSOHQ · Accepted Answer

A deficit above 3% of GDP or public debt above 60% of GDP. SGP (Arts 121 & 126 TFEU) has a preventive arm and a corrective arm (the EDP).

A deficit above 3% of GDP or public debt above 60% of GDP.