{"id":7336,"date":"2016-08-01T15:53:50","date_gmt":"2016-08-01T13:53:50","guid":{"rendered":"https:\/\/www.rrz.sk\/hodnotenie-plnenia-pravidla-o-vyrovnanom-rozpocte-za-rok-2015\/"},"modified":"2023-06-21T14:46:32","modified_gmt":"2023-06-21T12:46:32","slug":"evaluation-of-compliance-with-the-balanced-budget-rule-in-2015","status":"publish","type":"post","link":"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2015\/","title":{"rendered":"Evaluation of compliance with the balanced budget rule in 2015"},"content":{"rendered":"<div id=\"pl-7336\"  class=\"panel-layout\" ><div id=\"pg-7336-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-7336-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-7336-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>Since 2012, the cumulative deviation from the adjustment path set to meet the original medium-term objective by 2017, reached almost 0.6% GDP. The adjusted expenditure since 2012 increased by 6.4 p.p. above the expenditure benchmark (with a negative impact on the balance at 2.4 % of GDP). In addition to these two indicators, in its evaluation the CBR also took into account the impact of other measures which widen the deviation (reduced contribution rates to the fully-funded pillar, windfall revenues, anticipated future financial corrections to EU funds) or which may narrow it (increased effectiveness of VAT collection, lower co-financing expenditures and upward revision of the 2015 tax revenue). Moreover, the CBR took into account the fact that albeit the debt still remains within the sanction brackets set by the Fiscal Responsibility Act the government has not yet adopted sufficient measures to reduce it. With all relevant factors taken into consideration, the CBR concludes that the 2015 deviation from the adjustment path was significant and it would be necessary to trigger the correction mechanism.<\/p>\n<p>Unless the MTO deadline is amended, the correction mechanism should eliminate the deviation in order for the original medium-term objective to be met by 2017. Since in April 2016 the deadline for meeting the medium\u2013term objective (MTO) has been postponed to 2019, the expenditure ceilings should be set at least at the level of the present plans presented in the Stability Programme for 2016\u20132019 (published in April 2016). This would, at least partially, prevent repeated future postponements of the MTO in line with the principles of fiscal compact.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>The structural deficit of the general government in 2015 reached 2.7 % of GDP and increased for the second year in a row. Thus the medium-term objective of attaining a nearly balanced budget (structural deficit up to 0.5 % of GDP) was not achieved.<\/p>\n","protected":false},"author":6,"featured_media":6886,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"h5ap_radio_sources":[],"footnotes":""},"categories":[158],"tags":[73,74,219],"class_list":["post-7336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publications","tag-evaluation-of-compliance-with-the-balanced-budget-rule","tag-evaluation-reports","tag-general-government-budget"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Evaluation of compliance with the balanced budget rule in 2015 - Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2015\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Evaluation of compliance with the balanced budget rule in 2015 - Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165\" \/>\n<meta property=\"og:description\" content=\"The structural deficit of the general government in 2015 reached 2.7 % of GDP and increased for the second year in a row. Thus the medium-term objective of attaining a nearly balanced budget (structural deficit up to 0.5 % of GDP) was not achieved.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2015\/\" \/>\n<meta property=\"og:site_name\" content=\"Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-01T13:53:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-21T12:46:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rrz.sk\/wp-content\/uploads\/2016\/08\/17.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u017dofia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u017dofia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2015\/\",\"url\":\"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2015\/\",\"name\":\"Evaluation of compliance with the balanced budget rule in 2015 - Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165\",\"isPartOf\":{\"@id\":\"https:\/\/www.rrz.sk\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2015\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2015\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rrz.sk\/wp-content\/uploads\/2016\/08\/17.jpg\",\"datePublished\":\"2016-08-01T13:53:50+00:00\",\"dateModified\":\"2023-06-21T12:46:32+00:00\",\"author\":{\"@id\":\"https:\/\/www.rrz.sk\/#\/schema\/person\/110076e5e6bb2bd49456f9780d112304\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2015\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2015\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2015\/#primaryimage\",\"url\":\"https:\/\/www.rrz.sk\/wp-content\/uploads\/2016\/08\/17.jpg\",\"contentUrl\":\"https:\/\/www.rrz.sk\/wp-content\/uploads\/2016\/08\/17.jpg\",\"width\":1920,\"height\":1200},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2015\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Domovsk\u00e1 str\u00e1nka\",\"item\":\"https:\/\/www.rrz.sk\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Evaluation of compliance with the balanced budget rule in 2015\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rrz.sk\/#website\",\"url\":\"https:\/\/www.rrz.sk\/\",\"name\":\"Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165\",\"description\":\"Nez\u00e1visl\u00fd org\u00e1n monitorovania a hodnotenia v\u00fdvoja hospod\u00e1renia Slovenskej republiky\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rrz.sk\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.rrz.sk\/#\/schema\/person\/110076e5e6bb2bd49456f9780d112304\",\"name\":\"\u017dofia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rrz.sk\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/92204a039000e687ecdf92a58f2978d0ff94fb9e7e5be808f35e875503368d46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/92204a039000e687ecdf92a58f2978d0ff94fb9e7e5be808f35e875503368d46?s=96&d=mm&r=g\",\"caption\":\"\u017dofia\"},\"url\":\"https:\/\/www.rrz.sk\/en\/author\/majdekova\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Evaluation of compliance with the balanced budget rule in 2015 - Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2015\/","og_locale":"en_US","og_type":"article","og_title":"Evaluation of compliance with the balanced budget rule in 2015 - Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165","og_description":"The structural deficit of the general government in 2015 reached 2.7 % of GDP and increased for the second year in a row. Thus the medium-term objective of attaining a nearly balanced budget (structural deficit up to 0.5 % of GDP) was not achieved.","og_url":"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2015\/","og_site_name":"Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165","article_published_time":"2016-08-01T13:53:50+00:00","article_modified_time":"2023-06-21T12:46:32+00:00","og_image":[{"width":1920,"height":1200,"url":"https:\/\/www.rrz.sk\/wp-content\/uploads\/2016\/08\/17.jpg","type":"image\/jpeg"}],"author":"\u017dofia","twitter_card":"summary_large_image","twitter_misc":{"Written by":"\u017dofia","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2015\/","url":"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2015\/","name":"Evaluation of compliance with the balanced budget rule in 2015 - Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165","isPartOf":{"@id":"https:\/\/www.rrz.sk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2015\/#primaryimage"},"image":{"@id":"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2015\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rrz.sk\/wp-content\/uploads\/2016\/08\/17.jpg","datePublished":"2016-08-01T13:53:50+00:00","dateModified":"2023-06-21T12:46:32+00:00","author":{"@id":"https:\/\/www.rrz.sk\/#\/schema\/person\/110076e5e6bb2bd49456f9780d112304"},"breadcrumb":{"@id":"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2015\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2015\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2015\/#primaryimage","url":"https:\/\/www.rrz.sk\/wp-content\/uploads\/2016\/08\/17.jpg","contentUrl":"https:\/\/www.rrz.sk\/wp-content\/uploads\/2016\/08\/17.jpg","width":1920,"height":1200},{"@type":"BreadcrumbList","@id":"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2015\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Domovsk\u00e1 str\u00e1nka","item":"https:\/\/www.rrz.sk\/en\/"},{"@type":"ListItem","position":2,"name":"Evaluation of compliance with the balanced budget rule in 2015"}]},{"@type":"WebSite","@id":"https:\/\/www.rrz.sk\/#website","url":"https:\/\/www.rrz.sk\/","name":"Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165","description":"Nez\u00e1visl\u00fd org\u00e1n monitorovania a hodnotenia v\u00fdvoja hospod\u00e1renia Slovenskej republiky","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rrz.sk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.rrz.sk\/#\/schema\/person\/110076e5e6bb2bd49456f9780d112304","name":"\u017dofia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rrz.sk\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/92204a039000e687ecdf92a58f2978d0ff94fb9e7e5be808f35e875503368d46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/92204a039000e687ecdf92a58f2978d0ff94fb9e7e5be808f35e875503368d46?s=96&d=mm&r=g","caption":"\u017dofia"},"url":"https:\/\/www.rrz.sk\/en\/author\/majdekova\/"}]}},"_links":{"self":[{"href":"https:\/\/www.rrz.sk\/en\/wp-json\/wp\/v2\/posts\/7336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rrz.sk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rrz.sk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rrz.sk\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rrz.sk\/en\/wp-json\/wp\/v2\/comments?post=7336"}],"version-history":[{"count":5,"href":"https:\/\/www.rrz.sk\/en\/wp-json\/wp\/v2\/posts\/7336\/revisions"}],"predecessor-version":[{"id":18925,"href":"https:\/\/www.rrz.sk\/en\/wp-json\/wp\/v2\/posts\/7336\/revisions\/18925"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rrz.sk\/en\/wp-json\/wp\/v2\/media\/6886"}],"wp:attachment":[{"href":"https:\/\/www.rrz.sk\/en\/wp-json\/wp\/v2\/media?parent=7336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rrz.sk\/en\/wp-json\/wp\/v2\/categories?post=7336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rrz.sk\/en\/wp-json\/wp\/v2\/tags?post=7336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}