Examples of using Medium-term objective in English and their translations into Finnish
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Taking into account the allowed deviation from the medium-term objective, the planned structural deficit is in line with the requirement of the Pact until 2016.
At the same time, the planned adjustment path towards the medium-term objective still presents risks with respect to compliance with the requirements of the Stability and Growth Pact.
The budget plans of these Member States might result in a significant deviation from the adjustment paths towards the Medium-Term Objective MTO.
According to the Stability Programme, the government plans to meet the medium-term objective- a structural deficit of 0.5% of GDP- in 2016.
The 2012 convergence programme has changed the medium-term objective from -1.0% to -0.5% of GDP; the new MTO adequately reflects the requirements of the Stability and Growth Pact.
Based on the Commission's 2015 spring forecast, the structural balance is forecast to deviate by 0.4% of GDP from the medium-term objective in 2015.
The government does not plan to reach the medium-term objective- a surplus of 0.75% of GDP in structural terms- within the programme period.
Romania is benefitting in 2014 from the possibility of a temporary deviation from the adjustment path towards the medium-term objective allowed for jointly financed projects.
The government plans to reach the medium-term objective of a balanced budgetary position in structural terms in 2019.
Specifically, a medium-term objective of gross domestic product growth(GDP) is introduced. This will be strictly controlled by the Commission.
However, based on this forecast there is a risk of some deviation from the medium-term objective in 2016, with an excess of 0.3% of GDP of net expenditure growth over the benchmark.
annual progress towards the medium-term objective is at least 0.5% of GDP in 2014 and 2015.
If policy is unchanged, there is also a risk of a significant deviation from the required adjustment path towards the medium-term objective in 2015-2016.
In its 2015 Stability Programme, the government plans to reach the medium-term objective- a balanced budgetary position in structural terms- by 2017.
The programme confirms the medium-term objective of a balanced budgetary position in structural terms,
Ensure that the deviation from the medium-term objective in 2015 and 2016 is limited to the allowance linked to the systemic pension reform.
The planned annual progress towards the medium-term objective is in line with the adjustment required by the Stability and Growth Pact.
The possibility introduced by the SGP reform to take into account major structural reforms in the definition of the adjustment path towards the medium-term objective should be seen in this perspective.
The programme mentions the medium-term objective of -1% of GDP, which reflects the
According to the Commission forecast there is a risk of significant deviation from the medium-term objective in 2015.