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Country or Region: Greece › Change country
Economic Indicator: General Government Structural Balance (National Currency) › See all Greece indicators, › See General Government Structural Balance (National Currency) data for all countries
Detailed Analysis for Year: 2010 › Change year
Full Dataset: from 1980 to 2016
Dataset updated: 1st August 2011
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Euro
Currency Symbol: EUR

Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude. Source: Ministry of Finance Latest actual data: 2010. These data are still provisional. Fiscal assumptions: Macroeconomic and fiscal projections for 2011 and the medium term are consistent with the policies agreed to between IMF staff and the authorities in the context of the Stand-By Arrangement. Fiscal projections assume a strong front-loaded fiscal adjustment, which already started in 2010, but will be followed through with further measures in 2011?13. Growth is expected to bottom out in late 2010 and gradually rebound after that, coming into positive territory in 2012. The data include fiscal data revisions for 2006-2009. These revisions rectify a number of shortfalls with earlier statistics. First, government controlled enterprises where sales cover less than 50 percent of production

General Government Structural Balance (National Currency) for Greece is EUR -21.763 Billion.

In the previous year, 2009, General Government Structural Balance (National Currency) for Greece was EUR -39.43 Billion General Government Structural Balance (National Currency) for Greece in 2010 was or will be 44.80% less than it was or will be in 2009.

In the following or forecasted year, 2011, General Government Structural Balance (National Currency) for Greece was or will be EUR -13.92 Billion, which is 36.03% more than the 2010 figure.