Übersetzung für "Primary deficit" in Deutsch

The second term represents the primary deficit.

Japan’s primary deficit of ¥28 trillion in 2002 was reduced to only ¥6 trillion by 2007.

However, in the case of Greece, Commissioner, despite what has been achieved, as you have repeatedly emphasised, with the 7-point reduction in the primary deficit and a 5% reduction in the overall deficit, the fact that the recession was deeper than forecast in 2010 has resulted in less revenue for the State.

As shown in greater detail in Chart 2b , the strongest factor driving the increase in the general government debt ratio was the primary deficit .

This means that the public sector has been effectively financing through short-run central bank debt issuance the largest part of the sizable primary fiscal deficit (4.2% and 3.83% of GDP in 2016 and 2017, respectively).

To protect economic activity and redress vulnerabilities, the strategy of gradually reducing the primary fiscal deficit should be maintained.

The government undertook a new macroeconomic approach based on two pillars: gradual reduction of the primary fiscal deficit, and an ambitious inflation-targeting regime that was supposed to bring annual price growth down to a single-digit rate in just three years.

The primary deficit is expected to improve marginally from 1,5 % of GDP in 2004 to 1,4 % in 2005, decreasing gradually afterwards to 0,5 % in 2007.

First, the projected fiscal multipliers – the amount by which GNP will fall as a result of each dollar of fiscal contraction – used for the GNP forecast assume that a contraction of one dollar in the primary fiscal deficit will be associated with a $1.34 contraction of GNP.

With bond yields at 2% (versus 0.1% in Japan today), those debt ratios would remain stable even if the government ran a primary deficit of 4% of GDP, and a total deficit of 5%, year after year.

The IMF seems ready to throw in the towel – not least because of the recent revelation that Greece could post a small primary budget deficit (which excludes interest payments) this year, rather than the planned sizeable surplus.

In terms of transforming a large primary deficit into a surplus, few countries have accomplished anything like what the Greeks have achieved in the last five years.

In the run-up to its debt crisis in 2010, the government’s primary budget deficit (the amount by which government expenditure on goods and services exceeds revenues, excluding interest payments on its debt) was equivalent to an astonishing 10% of national income.

But even if Greece’s debt had been completely wiped out, going from a primary deficit of 10% of GDP to a balanced budget requires massive belt tightening – and, inevitably, recession.

The difference between the overall deficit and the primary deficit implies that the interest on the Greek national debt this year will be 4.1% of GDP.

The International Monetary Fund was predicting only that Greece would have a zero “primary” budget deficit in 2013.

A “primary” budget deficit (or surplus) is the difference between a government’s outlays for everything excluding the interest payments that it must pay on its debt and its receipts from taxes and other charges.

Stated differently, now that Greece has achieved a zero primary budget deficit, its debt burden will decline if its nominal growth rate exceeds the average interest that it pays on its government debt.

The current account deficit continued to increase in 2014, driven by a widening primary income deficit, and the three-year indicator is now beyond the threshold.

The consolidation effort planned for the remaining period of the programme is fairly evenly spread in terms of the headline deficit, primary balance and (recalculated) structural balance2 (for details see Table III in the annex).

The country's economic authorities are determined to push ahead with the budgetary consolidation efforts of recent years and meet the objective of maintaining the primary budget deficit below 3% of GDP in the medium term.

The make-up of the primary deficit varies from country to country, the balance of trade is increasingly affected by higher or lower energy costs, and there are substantial structural differences between pension schemes which are difficult to iron out when things are running normally and even more difficult to correct when they are not.

Reducing the primary deficit over the medium term, as foreseen in the programme, would help reduce the risks to the sustainability of public finances.

In February 2012, the Greek government announced measures aimed at reducing the primary deficit in 2012, including the adoption of a supplementary budget.

The adjustment path towards the correction of the excessive deficit shall aim to achieve a general government primary deficit (deficit excluding interest expenditure) not exceeding EUR 2037 million (1,0 % of GDP) in 2012, and primary surpluses of at least EUR 3652 million (1,8 % of GDP) in 2013 and EUR 9352 million (4,5 % of GDP) in 2014.