Council of the European Union 25 June 1996, Council Regulation (EC) No 2223/96 of 25 June 1996 on the European system of national and regional accounts in the Community

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Council Regulation (EC) No 2223/96 establishes the European System of Accounts 1995 (ESA 95) to provide a unified methodology for compiling national and regional accounts within the Community, ensuring comparability and reliability of economic data. The regulation mandates Member States to transmit accounts and tables to the Commission according to specified timelines while allowing for transitional provisions and adaptations as necessary. It emphasizes the importance of transparency and accessibility of statistical results to citizens, facilitating the monitoring of economic convergence and coordination of economic policies among Member States.AI