Are government plans to cut the UK deficit ambitious enough?
The EC document, which will be published on Wednesday, has warned that the UK is not on course to cut its deficit in line with EU rules by the deadline of 2015.
Chief Secretary to the Treasury, Liam Byrne says the report is "wrong" and would mean £20bn more in spending cuts.
But Shadow business secretary Ken Clarke said the EU was right and the government needed to cut spending more rapidly.
What do you think of the report? Would the spending cuts and tax rises required to meet the EU target cause "irreparable damage" to the British economy? What options should be considered? What would you like to see in this year's Budget?
This debate has now been closed. Thank you for your comments.