Esimerkkejä Primary surplus käytöstä Englanti ja niiden käännökset Suomi
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Primary surplus no change in policy.
This would also be achieved by maintaining the 1998 primary surplus of 3.3% of GDP but debt reduction would be slower.
This primary surplus is essential to maintaining the debt ratio on its sustainable downward path.
In particular, in the absence of corrective measures, the primary surplus might be significantly lower than the 5.5% target.
The primary surplus is expected to increase as a percentage of GDP, averaging 5.5% of GDP over the period.
Moreover, six EU Member States have been able to maintain a primary surplus of over 4% for at least four years, so it is not impossible.
After 1994 the primary surplus increased further, and it outweighed the debt-increasing effects of the macroeconomic environment.
The programme projects the government debt ratio to peak in 2012 andto start declining at an increasing pace thereafter, as the primary surplus increases.
Securing an adequate primary surplus is essential to ensure that the public finances are on a sustainable footing.
Meet its budget target for 1999,monitor closely its real primary expenditures and to maintain the primary surplus at 6% of GDP in 1999 and beyond;
Securing an adequate primary surplus is essential to ensure that public finances are on a sustainable footing.
Since the adoption of its convergence programme,the Belgian government has reconfirmed its commitment to maintain the primary surplus at the level of some 6% of GDP over the medium term.
In that year, the primary surplus was sufficiently large to more than offset the snowball effect.
According to European Commission data, after the relaxation of fiscal policies in 2000, the euro area fiscal stancewas loosened in 2001, as shown by a further decline in the cyclically adjusted primary surplus.
Maintaining the 1998 primary surplus of 6.8% of GDP would reduce the debt-toGDP ratio to below 60% in ten years.
Real primary expenditure in the current and subsequent years should be monitored closely in order toensure that its annual growth rate remains in compliance with the primary surplus target of 6% of GDP.
Maintaining the 2000 primary surplus of 5.8% would put the debt ratio on a rapidly declining path to below 60% of GDP in 2009.
The Italian government has recently reconfirmed its commitment to keeping the primary surplus at a level that contributes strongly to the decline of the debt ratio.
Securing an adequate primary surplus is essential if the debt reduction is to make a noticeable contribution towards meeting the costs of ageing.
The Council notes Italy's intention to continue the budgetary strategy outlined in the initial programme,which aims at keeping the primary surplus at a high level and reducing current expenditure as a percentage of GDP, in parallel with some easing of the tax burden.
However, the primary surplus was lower than expected(4.9 per cent of GDP instead of 5.5 per cent) and the debt remained at the high level of 114.9 per cent of GDP.
If deficit-debt adjustments continue to increase the debt ratio by similar amounts as in recent years, the primary surplus and the overall surplus will have to be much more ambitious in order to reduce the public debt to 60% of GDP within ten years.
However, the primary surplus in 2002 will remain at the 1999 level, despite the anticipation of a favourable cyclical environment, thus showing no further enhancement of fiscal consolidation efforts.
The patterns observed thus far during the 1990s may be seen as indicative of the risks to the debt ratio which can arise when there is an unfavourable growth/ interest rate differential and the primary surplus is not sufficiently high to compensate for the effects on debt resulting from the macroeconomic environment.
The estimated yearly average primary surplus of 4.8% in the period to 2006 is lower than the 6% of GDP projected in the previous update.
In particular, the Commission stresses theimportance of respecting the goal of 1% of GDP for the deficit in 2001, maintaining a primary surplus of at least 5.5% of GDP until 2001 and to bring the debt level below 100% of GDP by 2003.
In 1997, the primary surplus was at 4.2% of GDP, which is slightly below the level needed for stabilising the debt ratio in the projected medium term growth and financial conditions 2.
As is shown in greaterdetail in Chart 2b, in the early 1990s the primary surplus was close to outweighing the sizable debtincreasing effects of a negative growth/ interest rate differential.
A primary surplus above and the maximum value of the pressure, taking into account corresponding to each of these factors determine the largest part of the total volume of the expansion tank that dedicated to the coolant.
Despite the remarkable progress achieved in the consolidation of central government finances in recent years, the primary surplus should increase further by approximately 1 percentage point relative to GDP in order to ensure that the central gov ernment debt ratio will not turn into a new increase in the next cyclical downturn.