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Country or Region: Ireland › Change country
Economic Indicator: General Government Structural Balance (National Currency) › See all Ireland 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: National Statistical Office Latest actual data: 2009 Fiscal assumptions: The fiscal projections are based on the 2011 Budget and the medium-term adjustment envisaged in the December 2010 EU/IMF Program. This includes ?15 billion in consolidation measures over 2011?14, with ?6 billion in savings programmed for 2011. The projections are adjusted for differences in macroeconomic projections between the IMF staff and the Irish authorities. The new government that assumed office in early March 2011 has also committed to the 2011-12 fiscal program and to further consolidation in the medium term. Start/end months of reporting year: January/December GFS Manual used: 2001. Data are provided with ESA 95 and mapped to GFS Basis of recording: Noncash (accrual) General government includes: Cent

General Government Structural Balance (National Currency) for Ireland is EUR -13.26 Billion.

In the previous year, 2009, General Government Structural Balance (National Currency) for Ireland was EUR -16.15 Billion General Government Structural Balance (National Currency) for Ireland in 2010 was or will be 17.90% less than it was or will be in 2009.

In the following or forecasted year, 2011, General Government Structural Balance (National Currency) for Ireland was or will be EUR -9.82 Billion, which is 25.98% more than the 2010 figure.