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Exact(46)
That figure would represent a "primary" balance (a balanced budget once interest payments are excluded), and would also arrest the rise in the debt as a share of GDP.
This will require tightening the primary balance (before interest payments) of governments.
But Athens now seems on course to achieve "primary balance" this year.
Ireland is targeting a deficit of 4.8% in 2014 which is within the 5.1% EDP target and will deliver a primary balance or small surplus.
Inflation remains around 0.5%, and even after extending the target date from 2020 to 2025, it appears unlikely that the Japanese government can achieve primary balance.
Its primary balance (ie, excluding interest payments) is in surplus and the average maturity of its debt is a reasonable seven years.
Similar(14)
The five primary balancing criteria are long-term effectiveness and permanence; reduction of toxicity, mobility, or volume through treatment; short-term effectiveness; implementability; and cost.
Both would need to boost their primary balances by more than 12% of GDP, compared with what is forecast for 2014.
This requirement shall be fulfilled by selecting the alternative that satisfies paragraph (f)(1)(ii)(A) and (B) of this section and provides the best balance of trade-offs among alternatives in terms of the five primary balancing criteria noted in paragraph (f)(1)(i)(B) of this section.
Hence, the BESS functions as the system's primary balancing mechanism.
In addition, in the past the need to maintain large primary balances was smaller because public debt was much smaller.
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