Although it is still only estimates, corner bar tenure will learn soon. Methodology itself ESA 2010

BRATISLAVA Sept. 25 (AP) - The introduction of new financial reporting corner bar methodology ESA2010 probably be the Slovak public finances ultimately result corner bar in a relatively good news. Government debt could indeed despite its nominal increases in general, such as adding new entities to the area of public finance, will ultimately fall back below 55% of GDP. At least that analysts estimate the monetary portion of the National Bank of Slovakia. General government deficit corner bar will rise slightly contrary, apparently, still should remain below 3% of gross domestic product.
The currency section of the Central Bank is the positive impact of the introduction of a new methodology ESA2010 corner bar the gross domestic product will be stronger than the negative on debt. And since the deficit corner bar and debt are reported as relative indicators to GDP, the debt itself could fall slightly as paper.
Statistical Office of the SR while previously estimated that the level of Slovak GDP in 2012 could impact the introduction of new methodologies to rise by 1.3% to about 2%, or about 940 million. to EUR 1.44 billion. euros. "Our corner bar estimate is inclined to the upper end of that range. Such an increase would also have a positive impact on shares characteristics of debt and deficit through effect denominator, "notes the commentary analysts Monetary section of the central bank. For paper-higher economic growth can, for example, counting corner bar defense spending corner bar and investment in science reporting and procurement of small tools such as investments and not as intermediate consumption.
Similar corner bar figures on gross domestic product would probably corner bar pay for the year 2013. It would thus under section analyzes the monetary impact of the new rules could be increased deficit of 134 million. a debt of EUR 390 million. euros. In this case, the amount of influences on a new methodology of ESA 2010, inter alia, inclusion of new actors in the area of public finance, changes in the assessment of pension obligations or recording tax expenses.
According to calculations by analysts Monetary section of the National corner bar Bank of Slovakia, would be the revision of the gross domestic product for 2013 by 1.8% upwardly revised decreased amount of public debt just under 55% to 54.97% of gross domestic product. By last spring notifications of debt and deficit, Eurostat still under the old methodology, while debt last year in Slovakia reached 55.42% economic performance.
Should confirmed these analysts' forecasts of currency section of the National Bank of Slovakia, the general government deficit for last year would in turn increased. In the revision of gross domestic product by 1.8% upwards by 2.9% of economic output. In the April notification, Eurostat us according to the original computed ESA95 general government budget deficit at 2.77% of gross domestic product.
The fulfillment of these assumptions would thus be interesting impact on the creation of next year's budget. Revision debt back below 55% of GDP would mean an additional escape the third boundary constitutional debt brake, according to which the government must submit a budget without on-year growth in expenditures. Below the threshold corner bar of 55% of the government is only obliged to submit to the National Council draft measures which provide for debt reduction.
Although it is still only estimates, corner bar tenure will learn soon. Methodology itself ESA 2010 is now officially operating from September A European statistical corner bar office Eurostat will publish the autumn notification of deficit and debt under the new rules already in October.
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