The Member States 25 March 1957, Consolidated version of the Treaty on the Functioning of the European Union#PART THREE - UNION POLICIES AND INTERNAL ACTIONS#TITLE VIII - ECONOMIC AND MONETARY POLICY#CHAPTER 1 - ECONOMIC POLICY#Article 126 (ex Article 104 TEC)

7.6.2016 EN Official Journal of the European Union C 202/99 Article 126 (ex Article 104 TEC) 1. Member States shall avoid excessive government deficits. 2. The Commission shall monitor the development of the budgetary situation and of the stock of government debt in the Member States with a view to identifying gross errors.