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- accord budgétaire de l'Union européenne (fr)
- accordo UE (it)
- finanspolitiskt regelverk inom Europeiska unionen (sv)
- fiskální smlouva Evropské unie (cs)
- the main EU fiscal agreement (en)
- rechtliches Regime für finanzpolitische Stabilität in der Eurozone (de)
- 欧盟有效用的协定 (zh)
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- 1.57788E9 (dbd:second)
- * Bt stands for consolidated nominal gross debt of the general government in year t.
* Ct stands for the consolidated nominal gross debt generated by the cyclical component of the general government budget balance in year t .
* Yt stands for nominal GDP at current market prices in year t.
* Ypott stands for potential growth rate in year t .
* Pt stands for the GDP price deflator rate in year t . (en)
- * ε stands for the country-specific semi-elasticity of the government budget balance to output gap. Normally these figures are only recalculated every third year. However, after its latest recalculation in October 2012, the following 2014 revision by OECD of individual revenue and expenditure elasticities prompted the Commission to recalculate the semi-elasticities again in November 2014.
* ROG stands for the Representative Output Gap, which gets recalculated every third year for the latest 25-year period . Based on the historic distribution of output gap data, the ROG figure attempts to identify the most negative output gap appearing across a full business cycle by a 95% likelihood. It is calculated by a formula comprising the following parameters:
** P5% state represents the 5% percentile of the distribution of the country-specific output gap series for the latest 25-year period .
** P5% EU27 represents the 5% percentile of the output gap data for all countries for the latest 25-year period .
** The above 5% percentiles are computed after outlier values are deleted. Outliers are defined as observations of the distribution for the entire sample – including all Member States – below and above, respectively the 2.5% and 97.5% percentiles. Exceptionally, it has also been decided to trim the country-specific series of their most negative value achieved in either 2009 or 2010, as this last financial economic crisis cannot be considered as a normal cyclical fluctuation.
** Ni and Nt stand for the number of country-specific and common annual observations available, respectively, over a period of 25 years. Meaning that Nt=25, while Ni can be lower for some states due to absence of available cyclically-adjusted budget data for them in the earliest years. For states with Ni=25, the ROG is the simple average of the two percentiles: (ROG = /2). (en)
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- BBLTC = 0.33×S2COA (en)
- BBdebt reduction = 0.024×Dt-1 - 1.24 (en)
- BBstable debt = -/ (en)
- MTOILD = BBstable debt + BBdebt reduction + BBLTC (en)
- MTOMB = –3% – ε × ROG (en)
- ROG = × P5% state + × P5% EU27 (en)
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- (for the latest year "t" with recorded data ) (en)
- Formula used to calculate the (en)
- MTO Minimum Benchmark (en)
- cyclically adjusted debt-to-GDP ratio (en)
- Formula for the MTO limit due to Implicit Liabilities and Debt (en)
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- padding:0.3em 0.2em 0 0.2em; background:inherit; border:1px #aaa solid; border-bottom:none; background:#cfc; (en)
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- Stability and Growth Pact (en)
- Pacte d'estabilitat i creixement (ca)
- Σύμφωνο Σταθερότητας και Ανάπτυξης (el)
- Pakt o stabilitě a růstu (cs)
- Pakto pri Stabileco kaj Kresko (eo)
- Stabilitäts- und Wachstumspakt (de)
- Pacto de estabilidad y crecimiento (es)
- Pakta Stabilitas dan Pertumbuhan (in)
- Pacte de stabilité et de croissance (fr)
- Patto di stabilità e crescita (it)
- 安定・成長協定 (ja)
- 안정과 성장에 관한 협약 (ko)
- Stabiliteits- en Groeipact (nl)
- Pakt stabilności i wzrostu (pl)
- Pacto de Estabilidade e Crescimento (pt)
- Пакт стабильности и роста (ru)
- Пакт про стабільність і зростання (uk)
- Stabilitets- och tillväxtpakten (sv)
- 稳定与增长协定 (zh)
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