Moreover, economic agents also use these statistics for their own decisions, which then drive the developments of financial and other economic markets. In this regard, I would like to stress the importance of a single set of statistics that is used by all economic and financial policy-makers, market participants and the public at large.
In some countries, contrary to their commitments, adjustment efforts are insufficient to mitigate the risk of excessive deficits. Moreover, several countries do not plan to attain sound budgetary positions by the end of their respective program horizons, despite favorable growth prospects.