Examples of using Cyclically-adjusted in English and their translations into German
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Official/political
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Political
Cyclically-adjusted deficit.
The overall fiscal policy stance remained neutral in the EU, where the primary cyclically-adjusted budget balance was broadly unchanged, see Graph 3.
Cyclically-adjusted deficit% du PIB.
The budgetary stanceremained neutral given the broadly unchanged cyclically-adjusted budget deficit, although the play of automatic stabilisers helped to stabilise the economy.
Cyclically-adjusted deficit% of GDP.
The budget for 2003 projects the general government deficit at 2.6% of GDP;this projection is consistent with a decrease in the cyclically-adjusted by 0.2% of GDP in 2003 to 2.6% of GDP.
Actual and cyclically-adjusted deficit percentage of CDP.
Overall, the Belgian government deserves praise for continuing to project primary budgetary surpluses at around 4.5% of GDP, which will allow for a continued decrease in the national debt,and positive cyclically-adjusted balances that create a sufficient safety margin against breaching the 3% deficit threshold.
Cyclically-adjusted balance excluding one-off and temporary measures.
The Report on Public Finances in EMU- 2004 highlights four areas where progress has been made in the analysis of budgetary developments, including on(i) the role of one-off measures for the assessment of budgetary positions,(ii)the use of cyclically-adjusted balances for the assessment of the efforts countries have made,(iii) the assessment of the long-term sustainability of public finances, and(iv) the surveillance of contingent liabilities.
Cyclically-adjusted balance(as in the previous rows) excluding one-off and other temporary measures.
In 2002, the nominal and cyclically-adjusted general government deficit is estimated to have been around 1% of GDP.
Cyclically-adjusted balance(% of GDP)_BAR_ SP Dec 2004_BAR_- 0,9_BAR_- 1,7_BAR_- 1,6_BAR_- 0,8_BAR_- 0,1_BAR.
Graph 3: Current account: cyclically-adjusted balances and balances required to stabilise or reduce external liabilities.
Cyclically-adjusted balance(as in the previous rows) excluding one-off and other temporary measures.
Evaluation of the budgetary targets in cyclically-adjusted terms shows an improvement in the underlying position from a slight deficit of 0.3% in 2002 to a similarly-sized surplus in 2006.
Cyclically-adjusted balance and structural balance are the same since one-off and other temporary measures taken from the programme are insignificant.
By contrast, the estimated unchanged cyclically-adjusted primary surplus suggests that Member States taken together failed to seize the chances offered by strong economic growth to enhance their underlying fiscal position.
The cyclically-adjusted fiscal position is expected to remain sound and to strengthen gradually, although remaining lower than the 2% of GDP target in each year to 2005, according to both the Commission's analysis and the estimates in the 2003 update.