SPAIN GENERAL GOVERNMENT STRUCTURAL BALANCE


THE GENERAL GOVERNMENT STRUCTURAL BALANCE IN SPAIN WAS REPORTED AT -90.61 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, SPAIN'S ECONOMY SHARE OF WORLD TOTAL GDP, ADJUSTED BY PURCHASING POWER PARITY, WAS 1.96 PERCENT. IN 2015, SPAIN'S SHARE OF WORLD TOTAL GDP IS FORECASTED TO BE 1.64 PERCENT. THIS PAGE INCLUDES A CHART, HISTORICAL DATA AND FORECAST FOR SPAIN'S GENERAL GOVERNMENT STRUCTURAL BALANCE.



 spain general government structural balance imf data




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IMF Data Specifications


CountrySpain
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: Ministry of Finance. Eurostat Latest actual data: 2009. Preliminary Fiscal period reported: January/December GFS Manual Used: ESA95; consistent with Eurostat dataset Basis of Recording: Noncash (accrual) Includes: Central Government; State Government; Local Government; Social Security Funds
Estimates Start After2009
TitleSpain General government structural balance
KeywordsSpain General government structural balance, Spain General government structural balance data,Spain General government structural balance chart,Spain General government structural balance historical data,Spain General government structural balance graph,Spain General government structural balance forecast.