Examples of using Treaty reference value in English and their translations into German
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Political
The deficit reached 3.2% of GDP in 2003, above the Treaty reference value of 3% of GDP.
The deficit was below the Treaty reference value in 1997 and is expected to remain so in 1998 and to decline further in the medium term.
Ii ensure that the debt ratio is declining towards the 60% of GDP Treaty reference value at a satisfactory pace;
In 1997 government debt was below the Treaty reference value of 60% of GDP in 4 Member States- France, Luxembourg, Finland and the United Kingdom.
In 2003, the Netherlands recorded a general government deficit above the 3% of GDP Treaty reference value.
Public debt reached 103.0%of GDP in 2003, well above the 60% Treaty reference value, and is expected to decline only marginally to 102.8% of GDP in 2004.
The debt ratio is estimated at 14,2% of GDP in 2004,well below the 60% of GDP Treaty reference value.
The debt ratio was slightly above the Treaty reference value in 1997 but is expected to start declining in 1998 and to return soon to below the Treaty reference value.
The debt ratio will also continue to increase,and will probably breach the 60% of GDP Treaty reference value in 2003.
Government debt is above the 60% of GDP Treaty reference value and, following the correction of the excessive deficit in 2011, Germany is in a transition period of three years as regards the debt reduction benchmark starting from 2012.
However, according to the Commissionservices' 2013 Spring Forecast, the safety margin against breaching the Treaty reference value is very narrow.
Since 1993, the government deficit in Belgium has declined significantly and in1997 it reached 2,1% of GDP, which is below the Treaty reference value.
Portugal has missed the deadline to correct its excessive deficit with a 2015 deficit of 4.4% of GDP, above the Treaty reference value of 3.0% of GDP and above the 2.5% the Council recommended in 2013.
The government deficit in the United Kingdom has been declining significantly since 1993 andreached 1,9% of GDP in 1997, which is well below the Treaty reference value.
The objective of the budgetary strategy outlined in the 2014Convergence Programme is to keep the general government deficit below the 3% of GDP Treaty reference value over the programme period.
The government deficit in Spain has been declining significantly since 1995 andin 1997 reached 2,6% of GDP, which is below the Treaty reference value.
Based on the Commission 2016 spring forecast, the general government deficit isprojected to reach 2.7% of GDP in 2016, below the Treaty reference value of 3% of GDP, and 2.3% of GDP in 2017.
While the debt-to-GDP ratio rose by almost 10 percentage points in 20104, it is projected to start falling as of 2011 and should reach 75.5% of GDP by2015, thus remaining above the Treaty reference value.
From 3.6% of GDP in 2010,the Stability Programme plans to bring the general government deficit below the Treaty reference value by 2011.
In the updated programme the debt ratio is estimated to have reached 45.9% of GDP in2004, against 49% forecast in the May 2004 Convergence Programme and below the 60% of GDP Treaty reference value.
For example, we have agreed that Member States in EMU will be obliged to submit stability programmes, demonstrating a commitment to orderly management of their public finances andto keeping their deficits below the Treaty reference value of 3% of GDP over the course of a normal economic cycle.
The government deficit in Sweden has been reduced very sharply since 1993 and reached 0,8% of GDP in 1997,which is well below the Treaty reference value.
Based on a plausible macroeconomic scenario,the programme targets a balanced budget and a debt-to-GDP ratio below the 60% Treaty reference value by 2010.
According to the Commission Spring 2004 forecast this ratio will be 73.9% of GDPin 2004, remaining also well above the 60% of GDP Treaty reference value.
The deficit was subsequently reduced to 6.8% of GDP in 2010, to 5.6% of GDP in 2011 andto 2.9% of GDP in 2012, which is below the 3% of GDP Treaty reference value.
The debt ratio is estimated to have reached 106% of GDP in 2004, only marginally below the level recorded in 2003 andfar above the 60% of GDP Treaty reference value.
The deficit was equal to the reference value in 1997 and is expected to fall below it in 1998;the government debt ratio remains below the Treaty reference value.
Based on the no-policy-change assumption, the Commission services' 2013 Spring Forecast projects a deficit of 2.9% of GDP in 2013 and 2.5% of GDP in 2014,which is below the Treaty reference value of 3% of GDP.
In the Commission services' 2013 Spring Forecast, the general government deficit is projected to decrease to 2.6% of GDP in 2013 and to 2.4% of GDP in2014- based on the no-policy-change assumption- thus remaining below the Treaty reference value of 3% of GDP.
However, this MTO cannot be regarded as appropriate under the provisions of the Stability and Growth Pact because, based on current policies and projections, this MTO does not appear to take sufficiently into account the implicit liabilities related toageing, despite the debt being below the Treaty reference value.