Examples of using Temporary deviation in English and their translations into Croatian
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The temporary deviation has to be compensated in the following year.
As a result, the Commission 2016 spring forecast indicates scope for an additional temporary deviation of 0.1% of GDP in 2017.
Temporary deviation from the adjustment path allowed if.
In relation to this, Italy requested a temporary deviation from the adjustment path towards the medium-term budgetary objective.
On 11 July 2017, the Council recommended that Latvia achieve its medium-term budgetary objective in 2018, taking into account the allowances linked to the implementation of the systemic pension reform andof the structural reforms for which a temporary deviation is granted.
This information will be used when assessing(ex post) possible temporary deviations from the SGP requirements for 2015 and 2016.
The temporary deviation must not exceed 0.5% of GDP and the MTO must be reached within the four year horizon of the Stability or Convergence Programme.
The Commission will assess the relevant reform plan before recommending allowing a temporary deviation from the MTO or the path towards it.
However, the amount of the allowed temporary deviation is conditional on the respect of the minimum benchmark i.e. a structural deficit of 1.7% of GDP.
Under the preventive arm of the Pact, some investments deemed to be equivalent to major structural reforms may, under certain conditions, justify a temporary deviation from the MTO of the concerned Member State or from the adjustment path towards it.
The Member State must also compensate for any temporary deviations and the MTO must be reached within the four-year horizon of its current Stability or Convergence Programme.
The provisions defined in Article 5(1) and Article 6(3) of Regulation(EC) No 1466/97 allow catering for this additional expenditure, in that the inflow of refugees as well as the severity of the terrorist threat are exceptional events, their impact on Belgium's public finances is significant andsustainability would not be compromised by allowing for a temporary deviation from the adjustment path towards the medium-term budgetary objective.
In case a Member State fails to implement the agreed reforms, the temporary deviation from the MTO, or from the adjustment path towards it, will no longer be considered as warranted.
The temporary deviation does not exceed 0.5% of GDP, and the MTO is reached within the four year horizon of the Stability or Convergence Programme of the year in which the clause is activated;
The Commission will assess the reforms before recommending to the Council to allow possible temporary deviations from the medium-term budgetary objective(MTO) or the fiscal adjustment path towards it.
A temporary deviation resulting from exceptional circumstances shall not be deemed significant for the purposes of point(b) of paragraph 2 and shall not have the effect of activating the correction mechanism referred to in point(b) of that paragraph.
Underlines the Commission's clear differentiation between the preventive andcorrective arms of the SGP as regards investment allowing temporary deviation from the MTO, or the adjustment path towards it, within the existence of a safety margin under the preventive arm;
The SGP allows temporary deviations from the medium-term budgetary objective or from the fiscal adjustment path towards it for those member states whose investments can be considered to be equivalent to major structural reforms.Â.
Provided the above criteria are met, Member States will be granted additional time to reach the MTO,hence allowing temporary deviations from the structural adjustment path towards it, or to temporarily deviate from the MTO for Member States that have reached it.
Lithuania has requested a temporary deviation of 0.6% of GDP from the required adjustment path towards the medium-term objective in 2017, to take account of major structural reforms with a positive impact on the long-term sustainability of public finances.
In this case, it will recommend granting eligible Member States additional time to reach the MTO,hence allowing temporary deviations from the structural adjustment path towards it, or to deviate temporarily from the MTO for Member States that have reached it, provided that.
In case of failure to act, the temporary deviation from the MTO, or from the adjustment path towards it, will no longer be considered as warranted and the Commission may apply from the MTO or the path towards it.
Thus, while Lithuania has sufficient fiscal space to benefit from a temporary deviation, it does not appear to fulfil the eligibility criterion related to the implementation of the reform to avail from the structural reform clause.
In its Stability Programme, Latvia has requested a temporary deviation from the required adjustment path towards the medium-term objective, because it continues to implement a major structural reform in the health sector.
MTO respected taking into account the allowances for which a temporary deviation is granted, while risk of significant deviation from the expenditure benchmark requirement, compliance with the debt reduction benchmark;
Italy can currently be assessed as qualifying for a temporary deviation of 0.25 percentage points of GDP in 2016, provided that it adequately carries out the intended investments and subject to the conditions outlined in recital 10.
Italy can currently be assessed as qualifying for the full requested temporary deviation of 0.5 percentage points of GDP in 2016, provided that it adequately implements the agreed reforms, which will be monitored under the European Semester, and subject to the conditions outlined in recital 10.
Relevant changes in the operations of an installation and changes as well as temporary deviations that occurred during the reporting period to the monitoring plan approved by the competent authority; including temporal or permanent changes of tiers, reasons for those changes, starting date for the changes, and starting and ending dates of temporal changes;