text: Ailing Members receive financial aid in the form of low-interest loans whose disbursement is attached policy conditionalities. The latter usually consist in Macroeconomic Adjustment Programs (MAPs) whose adoption is deemed necessary to fix the imbalances which gave rise to the original instability.
  Bailout programs do not constitute enforcement procedure stricto sensu. However, since financial support always entails compliance with several budgetary and economic conditionalities, they can be construed as a sort of ex post enforcement mechanism.
  Reform 2024
  On 26 April 2023, the Commission presented three legislative proposals to implement a comprehensive reform of the EU fiscal framework:
  New Regulation on the preventive arm of the SGP: Regulation on the effective coordination of economic policies and multilateral budgetary surveillance, and repealing Council Regulation 1466/97.
  Regulation amending the corrective arm of the SGP: Regulation amending Regulation 1467/97 on speeding up and clarifying the implementation of the excessive deficit procedure.
  Directive amending the Directive on national budgetary frameworks: Council Directive amending Directive 2011/85/EU on requirements for budgetary frameworks of the Member States.
  The proposed reform aims to strengthen public debt sustainability, promote sustainable and inclusive growth through reforms and investments, increase national ownership for fiscal plans and fiscal corrections, simplify the legal framework, move towards a greater medium-term approach to budgetary policies, and ensure more effective and coherent enforcement of the fiscal rules.