Examples of using Temporary deviation in English and their translations into Hungarian
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In relation to this, Italy requested a temporary deviation from the adjustment path towards the medium-term budgetary objective.
Achieve the medium-term budgetary objective in 2019,taking into account the allowances linked to the implementation of the structural reforms for which a temporary deviation is granted.
In addition, the fact that the temporary deviation is not directly based on costs, does not mean that costs are not measured.
The Commission will assess therelevant reform plan before recommending allowing a temporary deviation from the MTO or the path towards it.
The remaining temporary deviations from the adjustment path towards the medium-term budgetary objective are carried forward so that they cover a period of three years.
Based on the benchmark adjustment of 0.5% of GDP per year anda maximum temporary deviation of this amount, this distance would deliver a return to the MTO within four years.
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 thereforms before recommending to the Council to allow possible temporary deviations from the medium-term budgetary objective(MTO) or the fiscal adjustment path towards it.
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;
While a cost-benefit analysis of major structural reforms is requested in the Stability and Convergence Programme under article 3,this does not mean that the temporary deviation has to be based on the costs.
The Member State must compensate for any temporary deviations and the MTO must be reached within the four-year horizon of its current Stability or Convergence Programme.
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.
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.
Notes that the Communication makes no changes as far as the calculation of the deficit is concerned butthat certain investments can justify a temporary deviation from the Medium Term Objective(MTO) of the concerned Member State or from the adjustment path towards it;
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.
In its 2015 communication on flexibility,the Commission stated that“the Member State must compensate for any temporary deviations and the MTO must be reached within the four-year horizon of its current Stability or Convergence Programme”49.
The technical design of the temporary deviation from the MTO or adjustment path means that spending is increasedrelative to the baseline(i.e. the path of expenditure in the absence of the temporary deviation) in each year until the MTO is reached.
According to the Commission forecast, despite a small deterioration in the structural balance in 2014, Romania is compliant with the Stability and Growth Pact requirements in 2014,taking into account the temporary deviation allowed for jointly financed projects.
However, in order to ensure that Austria is allowed the same temporary deviation as countries not yet at their medium-term budgetary objective, Austria will be allowed to deviate from its medium-term budgetary objective in 2016 and 2017 by the amount considered eligible for 2015.
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.
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 temporary deviation under the structural reform clause was never linked to the actual budgetary costs of the reform and the Regulation also does not foresee such a link, particularly because those costs may be difficult to measure and/or have limited direct fiscal impact.
And despite periodic concerns about deflation risks, on the one hand, and repeated warnings that excessive policy accommodation would ignite inflation, on the other hand,inflation(except for temporary deviations caused primarily by swings in commodity prices) has remained near the Committee's 2 percent objective and inflation expectations have remained stable.
Secondly, although the temporary deviation under the structural reform clause is not directly linked to the actual budgetary costs of the reform, the Regulation also does not foresee such a link, 16 particularly because those costs may be difficult to measure and/or have limited direct fiscal impact.
(b)“exceptional circumstances” refers to the case of an unusual event outside the control of the Contracting Party concerned which has a major impact on the financial position of the general government or to periods of severe economic downturn as set out in the revised Stability and Growth Pact,provided that the temporary deviation of the Contracting Party concerned does not endanger fiscal sustainability in the medium-term.
Italy can currentlybe 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.
The temporary deviation under the structural reform clause is not directly linked to the actual budgetary costs of the reform because some very beneficial structural reforms do not always create significant direct budgetary costs, while such reforms carry substantial economic or political costs.
While the Commission agrees that the unusual events clause provisions should only apply to costs directly related to the events in question,it does not accept the recommendation that the temporary deviation under the structural reform clause should be directly linked to costs as it considers that the required adjustment would weaken the effectiveness of the structural reform clause.