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 1054 proposals for legislative or other legal instruments of this Directorate-General in negotiations with the Council and the European Parliament.
Date Title
08.04.2024  .
Decision com(2024)159
22.03.2024  .
15.03.2024  Providing macro-financial assistance to Egypt.
Decision com(2024)461
29.01.2024  Report on the EU's facility providing medium-term financial assistance for Member States' balances of payments pursuant to Article 10 of Council Regulation (EC) No ...
Report com(2024)41
21.11.2023  2024 Draft Budgetary Plans: Overall Assessment.
Communication com(2023)900


Legislation currently being implemented

There are 217 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
15.03.2024  Providing short-term macro-financial assistance to Egypt.
Decision com(2024)460
22.01.2024  Subscription by the EU to additional shares in the capital of the European Bank for Reconstruction and Development (EBRD) and amending the Agreement establishing the ...
Decision com(2024)42
26.04.2023  Effective coordination of economic policies and multilateral budgetary surveillance.
Regulation com(2023)240
26.04.2023  Amendment of Regulation (EC) No 1467/97 on speeding up and clarifying the implementation of the excessive deficit procedure.
Regulation com(2023)241
26.04.2023  Amendment of Directive 2011/85/EU on requirements for budgetary frameworks of the Member States.
Directive com(2023)242


Legislation in force

There are at least 137 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
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  Abrogation of Decision 2010/288/EU on the existence of an excessive deficit in Portugal.
Recommendation com(2017)530
16.11.2016  Economic policy of the euro area.
Recommendation com(2016)726