Eurogroup statement on the updated draft budgetary plan of Germany for 2018
The Eurogroup welcomes Germany's submission of an updated Draft Budgetary Plan (DBP) for 2018, as requested in its statement of 4 December 2017, and the Commission Opinion issued on 27 June 2018.
We agree with the Commission Opinion that the draft budget of Germany is compliant with the requirements of the preventive arm of the Stability and Growth Pact (SGP).
The Eurogroup notes that Member States having outperformed their medium term budgetary objectives could use their favourable budgetary situation to prioritise investments to boost potential growth while preserving the long-term sustainability of public finances.
We will continue to monitor euro area Member States' fiscal and economic policies, as well as the budgetary situation of the euro area as a whole.