(9)In view of the deadline of 20 September 2024 for the submission of the national medium-term fiscal-structural plans, which deadline can be extended in accordance with Article 36(1), point (a), of Regulation (EU) 2024/1263 of the European Parliament and of the Councilnote, indicatively until 15 October 2024, that being the date for submission of the draft budgetary plans of euro area Member States, the Council takes note that the next step in the procedure, namely the Commission’s recommendation for a Council recommendation under Article 126(7) TFEU on the correction of the excessive deficit, will coincide with the Commission’s opinions on the draft budgetary plans of euro area Member States under Article 7 of Regulation (EU) No 473/2013 of the European Parliament and of the Councilnote. This approach allows ensuring consistency between the budgetary requirements under the excessive deficit procedure and the adjustment path set out in the national medium-term fiscal-structural plans. Enabling such consistency, while avoiding a surveillance gap under the excessive deficit procedure, requires the timely submission of the national medium-term fiscal-structural plans. This timeline should be considered exceptional and as linked to the transition to the new framework, and therefore as not setting a precedent. The Council also takes note that, failing the timely submission of the national medium-term fiscal-structural plan, the Commission’s recommendation for a Council recommendation under Article 126(7) TFEU will consider the reference trajectory transmitted by the Commission to the Member State determined in accordance with Regulation (EU) 2024/1263,
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