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Country or Region: Italy › Change country
Economic Indicator: General Government Structural Balance (National Currency) › See all Italy 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: 2010 Fiscal assumptions: The fiscal projections incorporate the impact of the 2010 budget law and fiscal adjustment measures for 2011?13 as approved by the government in May 2010 and modified during parliamentary approval in June?July 2010. The estimates for 2010 are the preliminary outturn data from the Italian National Institute of Statistics (Istat). The IMF staff projections are based on the authorities? estimates of the policy scenario, including the above-mentioned medium-term fiscal consolidation package and adjusted mainly for differences in macroeconomic assumptions and for less optimistic assumptions concerning the impact of revenue administration measures (to combat tax evasion). After 2013, a constant structural primary ba

General Government Structural Balance (National Currency) for Italy is EUR -46.306 Billion.

In the previous year, 2009, General Government Structural Balance (National Currency) for Italy was EUR -61.09 Billion General Government Structural Balance (National Currency) for Italy in 2010 was or will be 24.20% less than it was or will be in 2009.

In the following or forecasted year, 2011, General Government Structural Balance (National Currency) for Italy was or will be EUR -46.08 Billion, which is 0.49% more than the 2010 figure.