(12) der er behov for at fastlægge tidsfrister for gennemførelsen af proceduren i forbindelse med uforholdsmæssigt store underskud for at sikre, at den gennemføres hurtigt og effektivt; det er i denne sammenhæng nødvendigt at tage hensyn til, at Det Forenede Kongeriges finansår ikke falder sammen med kalenderåret;
(12) Whereas there is a need to establish deadlines for the implementation of the excessive deficit procedure in order to ensure its expeditious and effective implementation; whereas it is necessary in this context to take account of the fact that the budgetary year of the United Kingdom does not coincide with the calendar year;