In spite of the EU directive recommending the application of the fiscal rules and the supervision of the budget targets, in the years 2010-2016 only seven EU member states reduced their debt-to-GDP ratio. The stabilizing expenditure rule was introduced to the Public Finance Act in late 2013. It implemented the European Union’s fiscal policy requirements set out in Directive 2011/85/EU. In accordance with that directive, the governments of the member states should introduce fiscal rules which will enable them to avoid excessive deficit or public debt levels.