IRELAND GENERAL GOVERNMENT STRUCTURAL BALANCE


THE GENERAL GOVERNMENT STRUCTURAL BALANCE IN IRELAND WAS REPORTED AT -16.77 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, IRELAND'S ECONOMY SHARE OF WORLD TOTAL GDP, ADJUSTED BY PURCHASING POWER PARITY, WAS 0.25 PERCENT. IN 2015, IRELAND'S SHARE OF WORLD TOTAL GDP IS FORECASTED TO BE 0.21 PERCENT. THIS PAGE INCLUDES A CHART, HISTORICAL DATA AND FORECAST FOR IRELAND'S GENERAL GOVERNMENT STRUCTURAL BALANCE.



 ireland general government structural balance imf data
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IMF Data Specifications


CountryIreland
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: National Statistical Office Latest actual data: 2007 Fiscal period reported: January/December GFS Manual Used: 2001. Data are provided with ESA 95 and mapped to GFS Basis of Recording: Noncash (accrual) Includes: Central Government; State Government; Local Government; Social Security Funds; Non-commercial state sponsored bodies and the National Pensions Reserve Fund
Estimates Start After2007
TitleIreland General government structural balance
KeywordsIreland General government structural balance, Ireland General government structural balance data,Ireland General government structural balance chart,Ireland General government structural balance historical data,Ireland General government structural balance graph,Ireland General government structural balance forecast.