{"id":7345,"date":"2015-07-16T15:58:39","date_gmt":"2015-07-16T13:58:39","guid":{"rendered":"https:\/\/www.rrz.sk\/hodnotenie-plnenia-pravidla-o-vyrovnanom-rozpocte-za-rok-2014\/"},"modified":"2023-06-21T14:41:41","modified_gmt":"2023-06-21T12:41:41","slug":"evaluation-of-compliance-with-the-balanced-budget-rule-in-2014","status":"publish","type":"post","link":"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2014\/","title":{"rendered":"Evaluation of compliance with the balanced budget rule in 2014"},"content":{"rendered":"<div id=\"pl-7345\"  class=\"panel-layout\" ><div id=\"pg-7345-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-7345-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-7345-0-0-0\" 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>As a result of considerable consolidation in 2013 and fiscal easing in 2014, the structural balance in 2014 reached the level set by the adjustment path towards meeting the objective by 2017. This conclusion is also confirmed by the evaluation of the development in the adjusted expenditure which, since 2012, increased in line with the expenditure benchmark. In light of the above, the CBR concludes that no significant deviation occurred in 2014 and hence there is no need to trigger a correction mechanism.<\/p>\n<p>The conclusions of the CBR\u2019s independent evaluation are basically identical with the position of the Ministry of Finance. The approach of both institutions is identical in that the evaluation covers cumulative deviations since 2012 which are analysed against the assumption of steady improvements in the structural balance. The difference between estimates of the business cycle on the budget balance is now much smaller. <\/p>\n<p>When it comes to one-off effects, the two approaches continue to differ in the way in which certain revenues from dividends are recognised. In evaluating compliance with the expenditure benchmark, the CBR uses a broader list of measures based on its own \u2018no-policy-change\u2019 scenario while excluding one-off effects and cyclical expenditures on pensions from the calculation of adjusted expenditures. The Ministry of Finance took one-off measures into account within its qualitative evaluation of developments in 2014 (the so-called overall assessment). However, all these methodological differences have had a minimal impact on the overall assessment.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>The general government structural deficit in 2014 reached 2.8 % of GDP, up 0.4 % of GDP year-on-year. 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":6901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"h5ap_radio_sources":[],"footnotes":""},"categories":[110],"tags":[73,74,219],"class_list":["post-7345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-evaluation-reports","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 2014 - 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-2014\/\" \/>\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 2014 - Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165\" \/>\n<meta property=\"og:description\" content=\"The general government structural deficit in 2014 reached 2.8 % of GDP, up 0.4 % of GDP year-on-year. 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-2014\/\" \/>\n<meta property=\"og:site_name\" content=\"Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-16T13:58:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-21T12:41:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rrz.sk\/wp-content\/uploads\/2015\/07\/20.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-2014\/\",\"url\":\"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2014\/\",\"name\":\"Evaluation of compliance with the balanced budget rule in 2014 - 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-2014\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2014\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rrz.sk\/wp-content\/uploads\/2015\/07\/20.jpg\",\"datePublished\":\"2015-07-16T13:58:39+00:00\",\"dateModified\":\"2023-06-21T12:41:41+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-2014\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2014\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2014\/#primaryimage\",\"url\":\"https:\/\/www.rrz.sk\/wp-content\/uploads\/2015\/07\/20.jpg\",\"contentUrl\":\"https:\/\/www.rrz.sk\/wp-content\/uploads\/2015\/07\/20.jpg\",\"width\":1920,\"height\":1200},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2014\/#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 2014\"}]},{\"@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 2014 - 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-2014\/","og_locale":"en_US","og_type":"article","og_title":"Evaluation of compliance with the balanced budget rule in 2014 - Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165","og_description":"The general government structural deficit in 2014 reached 2.8 % of GDP, up 0.4 % of GDP year-on-year. 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-2014\/","og_site_name":"Rada pre rozpo\u010dtov\u00fa zodpovednos\u0165","article_published_time":"2015-07-16T13:58:39+00:00","article_modified_time":"2023-06-21T12:41:41+00:00","og_image":[{"width":1920,"height":1200,"url":"https:\/\/www.rrz.sk\/wp-content\/uploads\/2015\/07\/20.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-2014\/","url":"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2014\/","name":"Evaluation of compliance with the balanced budget rule in 2014 - 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-2014\/#primaryimage"},"image":{"@id":"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2014\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rrz.sk\/wp-content\/uploads\/2015\/07\/20.jpg","datePublished":"2015-07-16T13:58:39+00:00","dateModified":"2023-06-21T12:41:41+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-2014\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2014\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2014\/#primaryimage","url":"https:\/\/www.rrz.sk\/wp-content\/uploads\/2015\/07\/20.jpg","contentUrl":"https:\/\/www.rrz.sk\/wp-content\/uploads\/2015\/07\/20.jpg","width":1920,"height":1200},{"@type":"BreadcrumbList","@id":"https:\/\/www.rrz.sk\/en\/evaluation-of-compliance-with-the-balanced-budget-rule-in-2014\/#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 2014"}]},{"@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\/7345","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=7345"}],"version-history":[{"count":4,"href":"https:\/\/www.rrz.sk\/en\/wp-json\/wp\/v2\/posts\/7345\/revisions"}],"predecessor-version":[{"id":18922,"href":"https:\/\/www.rrz.sk\/en\/wp-json\/wp\/v2\/posts\/7345\/revisions\/18922"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rrz.sk\/en\/wp-json\/wp\/v2\/media\/6901"}],"wp:attachment":[{"href":"https:\/\/www.rrz.sk\/en\/wp-json\/wp\/v2\/media?parent=7345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rrz.sk\/en\/wp-json\/wp\/v2\/categories?post=7345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rrz.sk\/en\/wp-json\/wp\/v2\/tags?post=7345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}