Directorate-General Economic and Financial Affairs (ECFIN)

The main task of this Directorate-General is to ensure the functioning of the Economic and Monetary Union (EMU). This can be achieved by monitoring economic development, co-ordinating economic policy, analysing economic policies and providing advice on economic policies.

The DG has the following tasks:

  • distributing guidelines for economic policy
  • assessment of stability and convergence programmes of member states (in which they provide, amongst other data, the development of their national deficits)
  • publishing of other reports, such as reports about public finances in the EMU, the EU Economic Overview and short- and long term economic analyses of the European Commission
  • provide economic analysis and an evaluation of policy areas of the European Union such as the internal market, agriculture and environment.


Legislative proposals in negotiation

There are 989 proposals for legislative or other legal instruments of this Directorate-General in negotiations with the Council and the European Parliament.
Date Title
21.11.2023  2024 Draft Budgetary Plans: Overall Assessment.
Communication com(2023)900
21.11.2023  Alert Mechanism Report 2024.
Communication com(2023)902
21.11.2023  Economic policy of the euro area.
17.10.2023  Amendment of Directive 2014/62/EU as regards certain reporting requirements.
Decision com(2023)582
02.08.2023  Implementation and the results of the Pericles IV programme for the protection of the euro against counterfeiting in 2022.
Report com(2023)468


Legislation currently being implemented

There are 214 laws or other legal instruments of the Council and the European Parliament, previously proposed by this Directorate-General, which are currently being implemented by the member states.
Date Title
06.02.2023  Providing macro-financial assistance to North Macedonia.
Decision com(2023)74
24.01.2023  Amendment of DECISION (EU) 2022/563 as regards the amount of macro-financial assistance to Moldova.
Decision com(2023)53
09.11.2022  Instrument for providing support to Ukraine for 2023 (macro-financial assistance +).
Regulation com(2022)597
21.10.2022  Amendment of Implementing Decision (EU) 2020/1351 granting temporary support to Latvia to mitigate unemployment risks following the COVID-19 outbreak.
Regulation com(2022)562
05.10.2022  Amendment of Implementing Decision (EU) 2020/1353 granting temporary support to Poland to mitigate unemployment risks following the COVID-19 outbreak.
Regulation com(2022)508


Legislation in force

There are at least 201 laws or other legal instruments in force that have been previously proposed by this Directorate-General.
Date Title
01.04.2022  Conversion of hryvnia banknotes into the currency of host Member States for the benefit of persons fleeing the war in Ukraine.
Recommendation com(2022)163
22.11.2017  Abrogation of Decision 2008/713/EC on the existence of an excessive deficit in the United Kingdom.
Recommendation com(2017)801
22.11.2017  Economic policy of the euro area.
Recommendation com(2017)770
12.07.2017  Abrogation of Decision 2009/415/EC on the existence of an excessive deficit in Greece.
Decision com(2017)380
22.05.2017  Recommendation with a view to correcting the significant observed deviation from the adjustment path toward the medium-term budgetary objective in Romania.
Recommendation com(2017)268