Examples of using Structural surplus in English and their translations into Slovak
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They have had a structural surplus in each of the past five years.
The grubbing-up scheme has resulted in areduction of supply in line with the aim of reducing the structural surplus.
It is the structural surplus(and solutions for addressing it in a sustainable way) that is the focus of this Impact Assessment.
Initially, when it prepared the reform, the Commission estimated the structural surplus of wine to be 18,5 million hl.
The structural surplus is estimated at about 15 million hl of wine, which is equivalent to about 8.4% of EU‑27 wine production.
The programme aims at overachieving the medium-term budgetary objective(MTO) of a structural surplus as of 2012.
In this context, a structural surplus of production has been a constant feature of the European wine market over the last decades.
The government plans to remain at the medium-term objective- a structural surplus of 0.5% of GDP- throughout the programme period.
The grubbing-up scheme is a quick and permanent way of reducing production potential,and is therefore a key part of the Commission's aim of reducing the structural surplus.
Lastly, the medium-term objective, which is a structural surplus of 0.5% of GDP, is not expected to be achieved within the 2011-2014 programme period.
The transitory‘grubbing-up scheme' is a major feature of the reformed COM designed to provide a quick andpermanent response to the structural surplus through a reduction in production.
The programme confirms the previous medium-term objective of a structural surplus, which is more stringent than what the Stability and Growth Pact requires.
This structural surplus of production has been a constant feature of the European wine market over the last decades and has been repeatedly mentioned as a key concern in the various reforms of the COM.
Because total production may vary significantly from oneyear to the other as a result of climatic conditions, structural surplus is best measured using averages of more than one single year.
(1) Achieve structural surplus by 2013 at the latest, while limiting deficit in 2012 to at most 2.1% of GDP in 2012, keeping tight control over expenditure and enhancing the efficiency of public spending.
In the absence of the planned impact from other measures, the target of 175 000 ha from grubbing-up was not sufficient, by itself,to address the Commission estimated structural surplus at the time of the reform.
Reaching the trajectory of long-term sustainability requires a structural surplus between 0.3 and 0.4% of GDP by 2021, and this would have to be taken into account when setting the medium-term budgetary objectives.
(8) The objective of the budgetary strategy outlined in the 2014 Convergence Programme is to reach the medium-term objective by 2015 andto achieve a structural surplus of 0.9% of GDP at the end of the programme in 2017.
Based on the Commission 2016 spring forecast, the structural surplus is projected to decrease to 1.4% of GDP in 2016 and further to 0.3% of GDP in 2017, thereby remaining above the medium-term budgetary objective.
Let us recall that in the final analysis, fiscal solvency requires stabilising and then reducing the government debt ratio-i.e. achieving a primary structural surplus and achieving a debt-stabilising level.
Real estate structural surplus pattern still exists, 1-11 data show that in 2015 the real estate investment growth rate down to 1.3%, the leading indicators of real estate new construction area, land acquisition area dropped.
According to the Commission forecast, which does not take intoaccount the most recently announced measures, the structural surplus is estimated to decline to 0.6% of GDP in 2014 and turn to a deficit of 1.3% of GDP in 2015.
Considering the present assumptions, attaining the long-term sustainability of public finances would require additional measures amounting to 0.4% of GDP,which would imply setting the budgetary objective at a structural surplus level of 0.4% of GDP in 2021.
Initially, taking into account the proposed termination of the distillation measures,the Commission estimated the structural surplus of wine to be 18,5 million hl(see paragraph 3), and calculated that reducing supply by this amount would require the grubbing-up of 400 000 ha over a 5-year period, with a cost of 2,4 billion euro.
In 2008, the Council introduced a reform of the common organisation of the market in wine aimed essentially at improving the competitiveness of EU wine producers and balancing supply and demand in the wine sector,this in a context of a long persisting structural surplus of supply and falling demand.
Although the scheme resulted in a reduction of supply of approximately 10,2 million hl ofwine, the target of 175 000 ha proved insufficient to eliminate the structural surplus in existence prior to the reform, largely because the assumptions on which that target was based did not materialise.
According to this strategy, the structural balance, i.e. the cyclically adjusted balance net of oneoff and temporary measures, will be above the medium-term objective specified in the Stability and Growth Pact,which is quantified in the convergence programme as a structural surplus of 1.5% of GDP.
However, in its stability programme,Luxembourg announces that the medium-term budgetary objective will change from a structural surplus of 0.5% of GDP until 2016 to a structural deficit of 0.5% of GDP as from 2017.
According to this strategy, the structural balance, i.e. the cyclically adjusted balance net of one-off and temporary measures, will be in line with the medium-term objective specified in the Stability and Growth Pact,which is quantified in the convergence programme as a structural surplus. Moreover, government gross debt is planned to be reduced to 1.6% ECB Convergence Report May 2008.
In 2005, when the Commission initiated its preparatory work for the latest reform of the COM,accumulated wine stocks represented the equivalent of one year of production and the structural surplus was estimated at approximately 14,5 million hl2, equivalent to 8,5% of the total production.