Why do the Maastricht criteria compare budget deficits and public debt with GDP rather than budget revenues? That’s a good question.
About Enrico D'Elia
Enrico D'Elia is senior economist at the Italian Ministry of Economy and Finance of Italy. He has variously worked for such institutions and research institutes as ISAE, ISTAT and Eurostat. The views expressed here are his alone and do not necessarily reflect those of the ministry.