medium term note [ MTN ]

medium term note | MTN

Medium term note | MTN

medium-term credit insurance [ medium-term insurance ]

medium-term cash flow budget

medium-term employment growth

medium-term informatics planning | permanent planning of the informatics

system-wide medium-term environment programme

Ad Hoc Expert Group on Short and Medium-term Projections of the World Economy

medium-term residential treatment | medium-term in-patient treatment

The report shall reflect, as appropriate: (a) the developments in the medium-term economic position [.]; (b) the developments in the medium-term budgetary positions, including, in particular, the record of adjustment towards the medium-term budgetary objective, the level of the primary balance and developments in primary expenditure, both current and capital, the implementation of policies in the context of the prevention and correction of excessive macroeconomic imbalances, the implementation of policies in the context of the common growth strategy of the Union, and the overall quality of public finances, in particular the effectivenes ...[+++]s of national budgetary frameworks; (c) the developments in the medium-term government debt position [.].

The report shall reflect, as appropriate: (a) the developments in the medium-term economic position [.]; (b) the developments in the medium-term budgetary positions, including, in particular, the record of adjustment towards the medium-term budgetary objective, the level of the primary balance and developments in primary expenditure, both current and capital, the implementation of policies in the context of the prevention and correction of excessive macroeconomic imbalances, the implementation of policies in the context of the common growth strategy of the Union, and the overall quality of public finances, in particular the effectivenes ...[+++]s of national budgetary frameworks; (c) the developments in the medium-term government debt position [.].

In particular, it provides that “[.] When defining the adjustment path to the medium-term budgetary objective for Member States that have not yet reached this objective, and in allowing a temporary deviation from this objective for Member States that have already reached it, provided that an appropriate safety margin with respect to the deficit reference value is preserved and that the budgetary position is expected to return to the medium-term budgetary objective within the programme period, the Council and the Commission shall take into account the implementation of major structural reforms which have direct long-term positive budgetar ...[+++]y effects, including by raising potential sustainable growth, and therefore a verifiable impact on the long-term sustainability of public finances.

1. Based on assessments by the Commission and the Economic and Financial Committee, the Council shall, within the framework of multilateral surveillance under Article 121 TFEU, examine the medium-term budgetary objectives presented by the Member States concerned in their stability programmes, assess whether the economic assumptions on which the programme is based are plausible, whether the adjustment path towards the medium-term budgetary objective is appropriate, including consideration of the accompanying path for the debt ratio, and whether the measures being taken or proposed to respect that adjustment path are sufficient to achieve ...[+++]the medium-term budgetary objective over the cycle.