Fiscal gap/Definition: Difference between revisions
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imported>Nick Gardner (New page: <noinclude>{{Subpages}}</noinclude> the size of the increase in revenues or decease in outlays, expressed as a percent of GDP, that would be necessary to keep the national debt at or belo...) |
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the size of the | the size of the [[primary budget balance|primary budget surplus]] (expressed as a percent of [[Gross domestic product|GDP]]) that is required to achieve [[fiscal sustainability]] by immediate compliance with the requirement that the national debt be maintained at or below its existing percentage of GDP. | ||
Latest revision as of 04:04, 14 March 2010
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Fiscal gap [r]: the size of the primary budget surplus (expressed as a percent of GDP) that is required to achieve fiscal sustainability by immediate compliance with the requirement that the national debt be maintained at or below its existing percentage of GDP.