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France: Gross domestic product, constant prices (Percent change) See notes for: Gross domestic product, constant prices (National currency).
France: General government net lending/borrowing (National currency) Source: National Statistical Office Latest actual data: 2013 Fiscal assumptions: Projections for 2015 reflect the budget law. For 2016–17, they are based on the multiyear budget adjusted for differences in assumptions on macro and financial variables, and revenue projections. Historical fiscal data reflect the September 2014 revision by the statistical institute of fiscal accounts and the May 2014 revision of national accounts. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds;Other; Valuation of public debt: Face value Primary domestic currency: Euro Data last updated: 03/2015
France: General government net debt (National currency) Source: National Statistical Office Latest actual data: 2013 Fiscal assumptions: Projections for 2015 reflect the budget law. For 2016–17, they are based on the multiyear budget adjusted for differences in assumptions on macro and financial variables, and revenue projections. Historical fiscal data reflect the September 2014 revision by the statistical institute of fiscal accounts and the May 2014 revision of national accounts. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds;Other; Valuation of public debt: Face value Primary domestic currency: Euro Data last updated: 03/2015
Ireland: Gross domestic product, constant prices (Percent change) See notes for: Gross domestic product, constant prices (National currency).
Ireland: General government net lending/borrowing (National currency) Source: Ministry of Finance Latest actual data: 2014 Fiscal assumptions: Fiscal projections are based on the 2015 budget. The fiscal projections are adjusted for differences between the IMF staff’s macroeconomic projections and those of the Irish authorities. Start/end months of reporting year: January/December GFS Manual used: 2001. Data are provided with ESA 2010 and mapped to GFS Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds;Other; Valuation of public debt: Nominal value Primary domestic currency: Euro Data last updated: 03/2015
Ireland: General government net debt (National currency) Source: Ministry of Finance Latest actual data: 2014 Fiscal assumptions: Fiscal projections are based on the 2015 budget. The fiscal projections are adjusted for differences between the IMF staff’s macroeconomic projections and those of the Irish authorities. Start/end months of reporting year: January/December GFS Manual used: 2001. Data are provided with ESA 2010 and mapped to GFS Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds;Other; Valuation of public debt: Nominal value Primary domestic currency: Euro Data last updated: 03/2015
Italy: Gross domestic product, constant prices (Percent change) See notes for: Gross domestic product, constant prices (National currency).
Italy: General government net lending/borrowing (National currency) Source: National Statistical Office Latest actual data: 2013 Fiscal assumptions: Fiscal projections incorporate the government’s announced fiscal policy, as outlined in the draft 2015 Stability Law adjusted for different growth outlooks and estimated impact of measures. Sovereign yields have fallen significantly since the 2015 Stability Law was passed and staff have assumed that the savings from a lower interest bill will be used to pay down debt. Estimates of the cyclically adjusted balance include the expenditure to clear capital arrears in 2013, which are excluded from the structural balance. After 2014, the IMF staff projects convergence to a structural balance in line with Italy’s fiscal rule, which implies corrective measures in some years, as yet unidentified. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Face value Primary domestic currency: Euro Data last updated: 03/2015
Italy: General government net debt (National currency) Source: National Statistical Office Latest actual data: 2013 Fiscal assumptions: Fiscal projections incorporate the government’s announced fiscal policy, as outlined in the draft 2015 Stability Law adjusted for different growth outlooks and estimated impact of measures. Sovereign yields have fallen significantly since the 2015 Stability Law was passed and staff have assumed that the savings from a lower interest bill will be used to pay down debt. Estimates of the cyclically adjusted balance include the expenditure to clear capital arrears in 2013, which are excluded from the structural balance. After 2014, the IMF staff projects convergence to a structural balance in line with Italy’s fiscal rule, which implies corrective measures in some years, as yet unidentified. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Face value Primary domestic currency: Euro Data last updated: 03/2015
Portugal: Gross domestic product, constant prices (Percent change) See notes for: Gross domestic product, constant prices (National currency).
Portugal: General government net lending/borrowing (National currency) Source: National Statistical Office Latest actual data: 2013 Fiscal assumptions: For 2014, the general government fiscal balance projection does not include one-off transactions arising from banking support and other operations related to government-owned enterprises, pending decisions on their statistical classification by the Instituto Nacional de Estatística (INE)/Eurostat. Projections for 2014–15 remain consistent with the authorities’ EU budgetary commitments, subject to additional measures to be approved in the forthcoming 2015 budget; projections thereafter are based on IMF staff estimates, under the assumption of unchanged policies. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds;Other; Valuation of public debt: Nominal value. Net debt is net of government deposits Primary domestic currency: Euro Data last updated: 03/2015
Portugal: General government net debt (National currency) Source: National Statistical Office Latest actual data: 2013 Fiscal assumptions: For 2014, the general government fiscal balance projection does not include one-off transactions arising from banking support and other operations related to government-owned enterprises, pending decisions on their statistical classification by the Instituto Nacional de Estatística (INE)/Eurostat. Projections for 2014–15 remain consistent with the authorities’ EU budgetary commitments, subject to additional measures to be approved in the forthcoming 2015 budget; projections thereafter are based on IMF staff estimates, under the assumption of unchanged policies. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Government;Social Security Funds;Other; Valuation of public debt: Nominal value. Net debt is net of government deposits Primary domestic currency: Euro Data last updated: 03/2015
Spain: Gross domestic product, constant prices (Percent change) See notes for: Gross domestic product, constant prices (National currency).
Spain: General government net lending/borrowing (National currency) Source: Ministry of Finance. Eurostat Latest actual data: 2014. Preliminary Fiscal assumptions: For 2015 and beyond, fiscal projections are based on the measures specified in the Stability Programme Update 2014–17, the 2015 budget plan issued in October 2014, and the 2015 budget approved in December 2014. Start/end months of reporting year: January/December GFS Manual used: 2001. ESA10, consistent with Eurostat dataset Basis of recording: Noncash (accrual) General government includes: Central Government;State Government;Local Government;Social Security Funds; Valuation of public debt: Nominal value Primary domestic currency: Euro Data last updated: 03/2015
Spain: General government net debt (National currency) Source: Ministry of Finance. Eurostat Latest actual data: 2014. Preliminary Fiscal assumptions: For 2015 and beyond, fiscal projections are based on the measures specified in the Stability Programme Update 2014–17, the 2015 budget plan issued in October 2014, and the 2015 budget approved in December 2014. Start/end months of reporting year: January/December GFS Manual used: 2001. ESA10, consistent with Eurostat dataset Basis of recording: Noncash (accrual) General government includes: Central Government;State Government;Local Government;Social Security Funds; Valuation of public debt: Nominal value Primary domestic currency: Euro Data last updated: 03/2015
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