BELGIUM GENERAL GOVERNMENT STRUCTURAL BALANCE


THE GENERAL GOVERNMENT STRUCTURAL BALANCE IN BELGIUM WAS REPORTED AT -16.53 BILLIONS EUROS IN 2009, ACCORDING TO THE INTERNATIONAL MONETARY FUND (IMF). THE STRUCTURAL BUDGET BALANCE REFERS TO THE GENERAL GOVERNMENT CYCLICALLY ADJUSTED BALANCE ADJUSTED FOR NONSTRUCTURAL ELEMENTS BEYOND THE ECONOMIC CYCLE. THESE INCLUDE TEMPORARY FINANCIAL SECTOR AND ASSET PRICE MOVEMENTS AS WELL AS ONE-OFF; OR TEMPORARY; REVENUE OR EXPENDITURE ITEMS. THE CYCLICALLY ADJUSTED BALANCE IS THE FISCAL BALANCE ADJUSTED FOR THE EFFECTS OF THE ECONOMIC CYCLE; SEE; FOR EXAMPLE; A. FEDELINO. A. IVANOVA AND M. HORTON ?COMPUTING CYCLICALLY ADJUSTED BALANCES AND AUTOMATIC STABILIZERS? IMF TECHNICAL GUIDANCE NOTE NO. 5; HTTP://WWW.IMF.ORG/EXTERNAL/PUBS/FT/TNM/2009/TNM0905.PDF. IN 2009, BELGIUM'S ECONOMY SHARE OF WORLD TOTAL GDP, ADJUSTED BY PURCHASING POWER PARITY, WAS 0.55 PERCENT. IN 2015, BELGIUM'S SHARE OF WORLD TOTAL GDP IS FORECASTED TO BE 0.48 PERCENT. THIS PAGE INCLUDES A CHART, HISTORICAL DATA AND FORECAST FOR BELGIUM'S GENERAL GOVERNMENT STRUCTURAL BALANCE.



 belgium general government structural balance imf data
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IMF Data Specifications


CountryBelgium
Subject DescriptorGeneral government structural balance
Subject NotesThe structural budget balance refers to the general government cyclically adjusted balance adjusted for nonstructural elements beyond the economic cycle. These include temporary financial sector and asset price movements as well as one-off; or temporary; revenue or expenditure items. The cyclically adjusted balance is the fiscal balance adjusted for the effects of the economic cycle; see; for example; A. Fedelino. A. Ivanova and M. Horton ?Computing Cyclically Adjusted Balances and Automatic Stabilizers? IMF Technical Guidance Note No. 5; http://www.imf.org/external/pubs/ft/tnm/2009/tnm0905.pdf.
UnitsEuro
ScaleBillions
Country/Series-specific NotesSource: Central Bank Latest actual data: 2009 Fiscal period reported: January/December GFS Manual Used: 2001 Basis of Recording: Noncash (accrual) Includes: Central Government; State Government; Local Government; Social Security Funds
Estimates Start After2009
TitleBelgium General government structural balance
KeywordsBelgium General government structural balance, Belgium General government structural balance data,Belgium General government structural balance chart,Belgium General government structural balance historical data,Belgium General government structural balance graph,Belgium General government structural balance forecast.