Examples of using Implicit liabilities in English and their translations into Romanian
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Monitoring implicit liabilities;
Implicit liabilities, notably related to ageing;
Fiscal risks stemming from explicit and implicit liabilities should be taken into account as a relevant factor.
At the euro-area level increased attention should be put on monitoring public debt developments,while medium-term budgetary objectives should be strengthened to address implicit liabilities.
Moreover, implicit liabilities stemming from the guarantees given to the financial sector are particularly large.
Similar instruments would also need to be developed to monitor the implicit liabilities of pension schemes operating at national level.
Projected implicit liabilities related to the cost of ageing reflect the long-term challenges in terms of an ageing population.
The debt-to-GDP ratio will not only suffer from the accumulation of public deficits but also from the implicit liabilities foreseeable with population ageing and the expected slow medium-term growth in the euro area and the EU.
Monitoring implicit liabilities within public pension systems based on the principle of redistribution, supplementing them with buffer funds on a case-by-case basis;
Consideration could be given to revising Stability and Growth Pact rules to ensure that the outcome of reforms(including the shift from fully Pay-As-You-Go to partially funded pension systems) leading to changes in the financing of pension systems,which increase explicit and reduce implicit liabilities, are reflected appropriately.
Additionally, in the light of the estimated impact of the implicit liabilities related to population ageing, the country would benefit from having a more ambitious MTO.
Monitoring implicit liabilities within public pension systems based on the principle of redistribution, supplementing them with buffer funds on a case-by-case basis in order to avoid risks of rapid adjustments that would affect the most vulnerable;
Preserve a sound fiscal position in 2014; significantly strengthen the budgetary strategy in 2015 to ensure that the medium-term objective is achieved and remain at the medium-term objective thereafter, in order to protect the long-term sustainability of public finances,in particular by taking into account implicit liabilities related to ageing.
Information on implicit liabilities related to ageing, and contingent liabilities(such as public guarantees) with a potentially large impact on government accounts;
Recently, Member States have agreed detailed principles on the revision of the medium-term budgetary objectives(MTO) in order to ensure that the Member States' budgetary strategies reflect real medium-term needs,by taking account not just of debt levels but also implicit liabilities, notably costs related to ageing populations, in particular projected healthcare and pension expenditure.
Furthermore, the monitoring of implicit liabilities could be strengthened to allow for a better assessment of the impact on the sustainability of public finances of pension schemes run by both public and private entities.
The new methodology was called for in the 2005 code of conduct on implementation of the EU's stability and growth pact, in order to ensure that the member states' budgetary strategies reflect real medium-term needs,by taking account not just of debt levels but also implicit liabilities, notably costs related to ageing populations, in particular projected healthcare and pension expenditure.
Monitoring implicit liabilities within mandatory Pay-As-You-Go pension systems, supplementing them with buffer funds on a case-by-case basis in order to avoid risks of rapid adjustments that would affect the most vulnerable;
A revision of Stability and Growth Pact rules could be considered, with a view to appropriately reflecting outcomes of reforms(including the shifts from pay-as-you-go to partially funded pension systems)leading to a change in financing of pension systems that increase explicit and reduce implicit liabilities, so that such reforms, aimed at solving long-term sustainability challenges, are not punished in the short term due to higher explicit public debt.
Non- compliance with this numerical benchmark is not, however, necessarily expected to result in the country concerned being placed in excessive deficit, as this decision would need to take into account all the factors that are relevant, in particular for the assessment of debt developments, such as whether very low nominal growth is hampering debt reduction, together with risk factors linked to the debt structure,private sector indebtedness and implicit liabilities related to ageing.
The level and change in private debt,to the extent that it may represent an implicit liability for the government;
The Company declines any explicit or implicit liability in the event that use of the Information contravenes a patent, copyright or registered trademark.
The Company declines any explicit or implicit liability in the event that use of said Information contravenes a patent, copyright or registered trade mark.
In this context, private debt cannot be forgotten,to the extent that it may represent a contingent implicit liability for governments.
The Company declines any explicit or implicit liability in the event that use of the Information and or documents on the Company's website contravenes a patent, copyright or registered trademark.
Accordingly, the current framework could be supplemented by monitoring and reporting on implicit pension liabilities using an approved methodology.
Therefore, the current pension framework could be supplemented by monitoring of and regulated reporting on implicit pension liabilities using an approved methodology.
The Council RECALLS that the new long-term budgetary projections should be taken into account in the update of the MTOs incorporating implicit government liabilities, and INVITES the Economic and Financial Committee and the Commission to finalise their work considering the new role of MTO in national fiscal frameworks.