| Popis: |
The restrictions established in article 126 of the Treaty on the Functioning of the European Union (hereinafter, TFEU), and in the Stability and Growth Pact that develop this precept, are largely quantitative in nature, as they are based on numerical fiscal rules. Therefore, in order to guarantee their effectiveness, it is necessary to have precise definitions of the concepts that comprise them, which allow them to be measured. As this paper will discuss in detail, the criteria laid down to define the “general government sector” have been systematically tightened, first through Eurostat's interpretation of ESA 95 and then with the approval of ESA 2010 and its interpretation by Eurostat. Thus, the existence of government entities considered as market entities, whose deficit and debt levels are not consolidated in the balance sheet of the general government that controls them, is becoming increasingly complex. |
