natgillin/translations-raw huggingface dataset:
In order to ensure continuous and effective progress towards compliance during that transition period, the following two conditions should be respected simultaneously:
Za zagotovitev stalnega in učinkovitega napredka pri doseganju skladnosti v prehodnem obdobju bi morala Portugalska istočasno spoštovati naslednja pogoja:
On 13 May 2020, the Portuguese authorities transmitted a letter with relevant factors in accordance with Article 2(3) of Regulation (EC) No 1467/97.
Portugalski organi so 13. maja 2020 poslali dopis, v katerem so navedli pomembne dejavnike v skladu s členom 2(3) Uredbe (ES) št. 1467/97.
The debt sustainability analysis has been updated on the basis of the Commission 2020 spring forecast.
Analiza vzdržnosti dolga je bila posodobljena na podlagi pomladanske napovedi Komisije 2020.
Note: MLSA refers to the "minimum linear structural adjustment"; EDP refers to the "excessive deficit procedure"; and, n.r.
Opomba: MLSP pomeni minimalno linearno strukturno prilagoditev; PČP pomeni „postopek v zvezi s čezmernim primanjkljajem"; n.r.
The transition period started in 2017 and ended in 2019.
To prehodno obdobje se je začelo leta 2017 in končalo leta 2019.
Those risks are on top of non-negligible pre-existing levels, partly related to potential further budgetary impacts of additional bank support measures.
Ta tveganja se pridružujejo nezanemarljivim že obstoječim ravnem, delno povezanim s potencialnimi dodatnimi proračunskimi posledicami dodatnih ukrepov podpore bankam.
The Stability Programme provides information on substantial measures to reinforce the response capacity of the health system, protect jobs, provide social support and safeguard firms' liquidity.
Program stabilnosti zagotavlja informacije o obsežnih ukrepih za krepitev zmogljivosti odzivanja zdravstvenega sistema, zaščito delovnih mest, zagotavljanje socialne podpore in zaščito likvidnosti podjetij.
While the 2020 Stability Programme did not include either a macroeconomic scenario or budgetary plans for at least 2020, and the letter did not clarify the size of the planned general government deficit in 2020, the Portuguese authorities reaffirmed their commitment to submit that information in the context of the budgetary process in Portugal, by the end of the first semester of 2020.
Medtem ko program stabilnosti za leto 2020 ni vključeval makroekonomskega scenarija niti proračunskih načrtov vsaj za leto 2020 in v dopisu ni bil pojasnjen obseg načrtovanega primanjkljaja sektorja država v letu 2020, so portugalski organi ponovno potrdili svojo zavezo, da bodo te informacije predložili v okviru proračunskega postopka na Portugalskem, tj. do konca prvega polletja leta 2020.
An overall assessment confirms the significant deviation from the requirements of the preventive arm of the Stability and Growth Pact in 2019, and over 2018 and 2019 taken together.
Celovita ocena potrjuje znaten odklon od zahtev preventivnega dela Pakta za stabilnost in rast v letu 2019 ter v letih 2018 in 2019 skupaj.
Against this background, the Commission has therefore prepared this report, which analyses Portugal's compliance with the deficit and debt criteria of the Treaty.
Komisija je zato pripravila to poročilo, v katerem je analizirano, kako Portugalska izpolnjuje merili glede primanjkljaja in dolga iz Pogodbe.
Medium-term budgetary position
4.3 Srednjeročni proračunski položaj
As regards external demand, both exports and imports are projected to decrease at double-digit rates, with the former being especially affected by the expected disruption in foreign tourism.
Kar zadeva zunanje povpraševanje, se predvideva znižanje stopnje izvoza in uvoza v dvomestnih številkah, pri čemer bodo na prvega še posebej vplivale pričakovane motnje v tujem turizmu.
In their letter of 13 May 2020, the Portuguese authorities did not provide the requested clarification and alluded to exceptional conditions related to the COVID-19 pandemic.
Portugalski organi v dopisu z dne 13. maja 2020 niso predložili zahtevanih pojasnil in so se sklicevali na izredne razmere zaradi pandemije COVID-19.
The unemployment rate is set to rise from 6.5% in 2019 to 9.7% in 2020.
Stopnja brezposelnosti naj bi se povečala s 6,5 % v letu 2019 na 9,7 % v letu 2020.
However, it is expected that the economic and social consequences of the pandemic will cause a sizeable deterioration in the general government balance in 2020, reflecting the operation of the automatic stabilisers and the need for significant fiscal policy support.
Vendar se pričakuje, da bodo gospodarske in socialne posledice pandemije povzročile znatno poslabšanje salda sektorja država v letu 2020, kar odraža delovanje avtomatskih stabilizatorjev in potrebo po znatni podpori v okviru fiskalne politike.
The stock-flow adjustment was nevertheless positive in 2019 (at 0.5% of GDP).
Prilagoditev stanj in tokov je bila v letu 2019 kljub temu pozitivna (v višini 0,5 % BDP).
Portugal's 2020 Stability Programme, which was not submitted within the deadline laid down in Article 4(1) of Regulation (EC) 1466/97, did not include a planned general government balance for 2020.
Program stabilnosti Portugalske za leto 2020, ki ni bil predložen v roku iz člena 4(1) Uredbe (ES) št. 1466/97, ni vključeval načrtovanega salda sektorja država za leto 2020.
The overall direct budgetary cost of those policy measures was estimated at around 2.5% of GDP at the cut-off date of the Commission 2020 spring forecast (23 April 2020).
Skupni neposredni proračunski stroški navedenih ukrepov politike so bili ocenjeni na približno 2,5 % BDP na presečni datum pomladanske napovedi Komisije 2020 (23. april 2020).
At the same time, the structural balance is estimated to have improved by 0.4% of GDP, thus pointing to some deviation from the recommended structural adjustment path towards the medium-term budgetary objective in 2019.
Hkrati se ocenjuje, da se je strukturni saldo izboljšal za 0,4 % BDP, kar kaže na določen odklon od priporočene strukturne prilagoditvene poti za dosego srednjeročnega proračunskega cilja v letu 2019.
Although real GDP is expected to recover by 5.8% in 2021, the aftershocks are likely to linger in some sectors, particularly tourism.
Čeprav se pričakuje, da bo realni BDP v letu 2021 spet zrasel za 5,8 %, bodo nekateri sektorji po vsej verjetnosti občutili dolgotrajne posledice, zlasti turizem.
In its letter of 7 May 2020, the Commission invited the Portuguese authorities to clarify the size of the planned general government deficit in 2020.
Komisija je v dopisu z dne 7. maja 2020 portugalske organe pozvala, naj pojasnijo obseg načrtovanega primanjkljaja sektorja država v letu 2020.
Overall, the debt sustainability assessment indicates that notwithstanding risks, the debt position remains sustainable over the medium term, which takes account of important mitigating factors notably linked to the debt profile and the historically low level of interest rates.
Na splošno ocena vzdržnosti dolga kaže, da je stanje dolga kljub tveganjem srednjeročno še vedno vzdržno, tudi zaradi pomembnih olajševalnih dejavnikov, ki so povezani zlasti s profilom dolga in preteklo nizko ravnjo obrestnih mer.
As regards domestic demand, while private consumption is projected to drop at a slightly lower rate than GDP - as policy measures partly offset losses in household income -, investment is expected to be the hardest hit due to lingering uncertainty and despite the newly introduced flexibility in European Structural and Investment Funds.
Kar zadeva domače povpraševanje, naj bi se zasebna potrošnja po napovedih znižala na nekoliko nižjo raven kot BDP, saj so ukrepi politike delno izravnali izgube dohodka gospodinjstev, po pričakovanjih pa bodo zaradi dolgotrajne negotovosti najbolj prizadete naložbe, kljub na novo uvedeni prožnosti v evropskih strukturnih in investicijskih skladih.
The forecast excess is considered to be exceptional as defined by the Treaty and the Stability and Growth Pact, while the nature of the excess is currently considered temporary.
Napovedano preseganje, kot ga opredeljujeta Pogodba ter Pakt za stabilnost in rast, se šteje za izjemno, narava tega preseganja pa se trenutno šteje za začasno.
Government debt-to-GDP ratio, Portugal, % of GDP
Delež javnega dolga v BDP, Portugalska, v % BDP
a.The annual structural adjustment should not deviate by more than ¼% of GDP from the minimum linear structural adjustment (MLSA), ensuring that the debt reduction benchmark is met by the end of the transition period;
a.letna strukturna prilagoditev ne bi smela odstopati za več kot 0,25 % BDP od minimalne linearne strukturne prilagoditve, da bi se zagotovilo, da bo merilo glede zmanjšanja dolga izpolnjeno do konca prehodnega obdobja;
Following the abrogation of the excessive deficit procedure in June 2017, Portugal was subject to a three-year transition period to ensure sufficient progress towards compliance with the debt reduction benchmark.
Potem ko je Svet junija 2017 zaključil postopek v zvezi s čezmernim primanjkljajem, je za Portugalsko začelo veljati triletno prehodno obdobje, v katerem bi morala zagotoviti zadosten napredek pri izpolnjevanju merila glede zmanjšanja dolga.
As a consequence, GDP is projected to remain below its 2019 level until 2021.
Posledično naj bi BDP pod ravnjo iz leta 2019 ostal do leta 2021.
They are mitigating factors in the assessment of Portugal's compliance with the deficit criterion in 2020.
To so olajševalni dejavniki pri oceni, kako Portugalska v letu 2020 izpolnjuje merilo glede primanjkljaja.
The analysis thus suggests that the debt criterion is fulfilled based on the 2019 outturn budgetary data.
Analiza torej kaže, da je merilo glede dolga na podlagi podatkov o realizaciji proračuna iz leta 2019 izpolnjeno.
Country-specific risks are also tilted to the downside given the reliance of the Portuguese economy on foreign tourism, which is expected to be strongly hit by the COVID-19 pandemic.
Tveganja, značilna za to državo, so prav tako pretežno negativna zaradi odvisnosti portugalskega gospodarstva od tujega turizma, za katerega se pričakuje, da ga bo pandemija COVID-19 močno prizadela.
The medium-term budgetary position is subject to an unusually high degree of uncertainty and risks are tilted to the downside, linked to the surge in public contingent liabilities stemming from some public corporations and the private sector, including through the possible calling of the State guarantees to firms and self-employed in the aftermath of the COVID-19 pandemic.
Srednjeročni proračunski položaj je povezan z izjemno visoko stopnjo negotovosti, pretežno negativna tveganja pa so povezana z nenadnim povečanjem javnih pogojnih obveznosti, ki izhajajo iz nekaterih javnih družb in zasebnega sektorja, vključno z možnostjo unovčitve državnih poroštev za podjetja in samozaposlene po pandemiji COVID-19.
Portugal made sufficient progress towards meeting the debt reduction benchmark in 2019.
Portugalska je v letu 2019 dosegla zadosten napredek pri izpolnjevanju merila glede zmanjšanja dolga.
In the current situation, a key additional factor to take into consideration regarding 2020 is the economic impact of the COVID-19 pandemic, which has a very substantial effect on the budgetary situation and results in a highly uncertain outlook.
V trenutnih razmerah so ključni dodatni dejavnik, ki ga je treba upoštevati v zvezi z letom 2020, gospodarski učinki pandemije COVID-19, ki zelo močno vpliva na proračunsko stanje in pomeni veliko negotovost glede prihodnjih obetov.
On 13 July 2018, Portugal was recommended to ensure that the nominal growth rate of primary government expenditure, net of discretionary revenue measures and one-offs, did not exceed 0.7% in 2019 (the ‘expenditure benchmark'), corresponding to an annual structural adjustment of 0.6% of GDP.
Portugalski je bilo 13. julija 2018 priporočeno, naj zagotovi, da nominalna stopnja rasti primarnih javnofinančnih odhodkov brez diskrecijskih ukrepov na strani prihodkov in enkratnih ukrepov v letu 2019 ne bo presegla 0,7 % (merilo rasti odhodkov), kar je ustrezalo letni strukturni prilagoditvi v višini 0,6 % BDP 2 .
Public investment stabilised at 1.9% of GDP in 2019 - compared with an observed general government surplus -, below government plans and the Union average of 3% of GDP.
Javne naložbe so se v letu 2019 stabilizirale pri 1,9 % BDP - v primerjavi z ugotovljenim presežkom sektorja država - in so pod vladnimi načrti in povprečjem Unije, ki znaša 3 % BDP.
That decline in 2019 mainly reflected the debt-reducing impact stemming from a solid primary surplus (of 3.2% of GDP) and a favourable nominal GDP growth-interest rate differential, whereby the combined effects of real GDP growth and inflation (of 4.6% altogether) offset the sizeable - yet gradually diminishing - interest burden on the high debt overhang (of 3.0% of GDP).
To zmanjšanje v letu 2019 je povezano predvsem s trdnim primarnim presežkom (v višini 3,2 % BDP) in ugodno razliko med nominalno rastjo BDP in obrestnimi merami, ki zmanjšujeta dolg, pri čemer so skupni učinki realne rasti BDP in inflacije (skupaj v višini 4,6 %) izravnali znatne - a postopoma padajoče - stroške obresti velikega presežka dolga (v višini 3,0 % BDP).
The forecast excess over the Treaty reference value of 3% of GDP in 2020 is exceptional, as it results from a severe economic downturn.
Napovedano preseganje referenčne vrednosti iz Pogodbe v višini 3 % BDP v letu 2020 je izjemno, saj je posledica resnega upada gospodarske aktivnosti.
b.At any time during the transition period, the remaining annual structural adjustment should not exceed ¾% of GDP (unless the first condition implies an annual effort above ¾% of GDP).
b.preostala letna strukturna prilagoditev v nobenem trenutku prehodnega obdobja ne bi smela presegati 0,75 % BDP (razen če prvi pogoj pomeni letni napor, ki presega 0,75 % BDP).
All available evidence, including statements by the Portuguese authorities about the extent of the reaction of budgetary policy to the severe economic downturn associated with the COVID-19 pandemic, points to a general government deficit significantly in excess of the Treaty reference value of 3% of GDP in 2020.
Vsi razpoložljivi dokazi, vključno z izjavami portugalskih organov o obsegu odziva proračunske politike na resni upad gospodarske aktivnosti zaradi pandemije COVID-19, kažejo na to, da bo primanjkljaj sektorja država v letu 2020 znatno presegal referenčno vrednost iz Pogodbe, ki znaša 3 % BDP.
Importantly, while the government debt position deteriorates as a result of the COVID-19 pandemic in the short term, the debt-to-GDP ratio in the baseline is still expected to be on a sustainable (declining) trajectory over the medium term.
Pomembno je, da se kljub kratkoročnemu poslabšanju stanja javnega dolga zaradi pandemije COVID-19 še vedno pričakuje, da bo delež javnega dolga v BDP po osnovnem scenariju srednjeročno ostal na vzdržni poti (zniževanja) 3 .
The Portuguese economy was on a gradually moderating path before the outbreak of the COVID-19 pandemic, with real GDP growth slowing to 2.2% in 2019, from 2.6% in 2018.
Rast portugalskega gospodarstva se je pred izbruhom pandemije COVID-19 postopoma umirjala, pri čemer se je realna rast BDP v letu 2019 upočasnila na 2,2 %, medtem ko je leta 2018 znašala 2,6 %.
The forecast excess over the Treaty reference value of 3% of GDP is considered to be exceptional and currently considered to be temporary.
Napovedano preseganje referenčne vrednosti iz Pogodbe, ki znaša 3 % BDP, se šteje za izjemno in trenutno za začasno.
Specifically, while the budgetary cost of the measures taken by the Portuguese authorities to tackle the COVID-19 pandemic is estimated at 2.5% of GDP, the operation of the automatic stabilisers is expected to contribute more than 4% of GDP to the projected general government deficit in 2020.
Natančneje, čeprav so proračunski stroški ukrepov, ki so jih sprejeli portugalski organi za obvladovanje pandemije COVID-19, ocenjeni na 2,5 % BDP, naj bi delovanje avtomatskih stabilizatorjev k napovedanemu primanjkljaju sektorja država v letu 2020 prispevalo več kot 4 % BDP.
Portugal's general government balance turned into a surplus of 0.2% of GDP in 2019, helped by strong revenue performance - especially in social contributions and indirect taxes - and continuously decreasing interest expenditure.
Saldo sektorja država Portugalske se je v letu 2019 prevesil v presežek v višini 0,2 % BDP, k čemur so pripomogli močni prihodki, zlasti od socialnih prispevkov in posrednih davkov, ter stalno zniževanje odhodkov za obresti.
Under those circumstances, the Commission considers its current forecast for the general government deficit in 2020 as sufficiently compelling prima facie evidence of an excessive deficit as defined by Article 126(2)(a) of the Treaty.
V teh okoliščinah Komisija meni, da je njena trenutna napoved primanjkljaja sektorja država v letu 2020 dovolj prepričljiv prima facie dokaz o čezmernem primanjkljaju, kot je opredeljen v členu 126(2)(a) Pogodbe.
The general government debt-to-GDP ratio is projected to drop to 124.4% in 2021, thereby resuming its gradual decreasing path on the back of the expected economic recovery.
Delež dolga sektorja država kot odstotek BDP naj bi se po napovedih v letu 2021 zmanjšal na 124,4 %, s čimer se bo ponovno začel postopno zmanjševati zaradi pričakovanega gospodarskega okrevanja.
2 Based on the outturn budgetary data and the Commission 2020 spring forecast, the growth rate of net primary expenditure was well above the applicable expenditure benchmark, thus pointing to a significant deviation of 1.0% of GDP from the requirements in 2019.
Na podlagi podatkov o realizaciji proračuna in pomladanske napovedi Komisije 2020 je bila stopnja rasti neto primarnih odhodkov precej višja od veljavnega merila rasti odhodkov, kar kaže na znatno odstopanje v višini 1,0 % BDP od zahtev v letu 2019.
Portugal's general government debt-to-GDP ratio declined to 117.7% in 2019, helped by a solid primary surplus and a favourable nominal GDP growth-interest rate differential.
Delež dolga sektorja država kot odstotek BDP na Portugalskem se je leta 2019 zmanjšal na 117,7 %, k čemur je prispeval trden primarni presežek in ugodna razlika med nominalno rastjo BDP in obrestnimi merami.
In their letter, the Portuguese authorities stressed the positive evolution of Portugal's fiscal position in the years running up to the outbreak of the COVID-19 pandemic, with the general government balance having improved to a surplus in 2019 and the general government debt-to-GDP ratio having remained on a steady downward path.
Portugalski organi so v svojem dopisu poudarili pozitiven razvoj portugalskega fiskalnega položaja v letih pred izbruhom pandemije COVID-19, pri čemer se je saldo sektorja država v letu 2019 izboljšal na presežek, dolg sektorja država kot odstotek BDP pa se je še naprej vztrajno zmanjševal.
The notified data show that Portugal made sufficient progress towards meeting the debt reduction benchmark in 2019, as the structural balance is estimated to have improved by 0.4% of GDP last year, compared with the applicable MLSA of -1.8% of GDP.
Iz sporočenih podatkov je razvidno, da je Portugalska v letu 2019 dosegla zadosten napredek pri izpolnjevanju merila glede zmanjšanja dolga, saj se je strukturni saldo po ocenah lani izboljšal za 0,4 % BDP v primerjavi z veljavno minimalno linearno strukturno prilagoditvijo v višini -1,8 % BDP.
The general government debt-to-GDP ratio decreased from 122.0% in 2018 to 117.7% in 2019.
Delež dolga sektorja država v BDP se je zmanjšal s 122,0 % BDP v letu 2018 na 117,7 % BDP v letu 2019.
Data notified by the Portuguese authorities on 25 March 2020 indicate that Portugal was planning a general government surplus of 0.2% of GDP for 2020 - on the basis of the 2020 State Budget adopted before the outbreak of the COVID-19 pandemic.
Podatki, ki so jih 25. marca 2020 sporočili portugalski organi, kažejo, da je Portugalska za leto 2020 načrtovala presežek sektorja država v višini 0,2 % BDP na podlagi državnega proračuna za leto 2020, sprejetega pred izbruhom pandemije COVID-19.
Taking those factors into account, the Commission considers its current forecast of a general government deficit of 6.5% of GDP in 2020 as sufficiently compelling prima facie evidence of an excessive deficit as defined by Article 126(2)(a) of the Treaty.
Ob upoštevanju navedenih dejavnikov Komisija meni, da je njena trenutna napoved primanjkljaja sektorja država v višini 6,5 % BDP v letu 2020 dovolj prepričljiv prima facie dokaz o čezmernem primanjkljaju, kot je opredeljen v členu 126(2)(a) Pogodbe.
Subject to more detailed information, the competent statistical authorities are to examine whether those measures entail an immediate impact on the general government balance or not.
Ko bodo na voljo podrobnejše informacije, bi morali pristojni statistični organi preučiti, ali imajo navedeni ukrepi neposreden učinek na saldo sektorja država ali ne. Skupaj z upadom gospodarske aktivnosti bodo ti ukrepi prispevali k znatno višjim stanjem primanjkljaja in dolga sektorja država.
According to the notified data, Portugal was then planning a general government surplus of 0.2% of GDP for 2020 - on the basis of the 2020 State Budget adopted before the outbreak of the COVID-19 pandemic - while it expected the general government debt-to-GDP ratio to decrease to 114.9%.
Glede na sporočene podatke je takrat Portugalska za leto 2020 načrtovala presežek sektorja država v višini 0,2 % BDP - na podlagi državnega proračuna za leto 2020, sprejetega pred izbruhom pandemije COVID-19 -, obenem pa je pričakovala, da se bo delež dolga sektorja država v BDP zmanjšal na 114,9 %.
According to the Commission 2020 spring forecast, a sudden primary deficit and the projected dynamics of real GDP will weigh on the general government debt-to-GDP ratio in 2020, when it is set to rise to 131.6%.
V skladu s pomladansko napovedjo Komisije 2020 bosta nenaden primarni primanjkljaj in napovedana dinamika realnega BDP obremenila dolg sektorja država kot odstotek BDP v letu 2020, ko naj bi ta zrasel na 131,6 %.
Hence, the analysis suggests that prima facie the deficit criterion as defined in the Treaty and Regulation (EC) No 1467/97 is not fulfilled.
Zato analiza kaže, da merilo glede primanjkljaja, kot je opredeljeno v Pogodbi in Uredbi (ES) št. 1467/97, prima facie ni izpolnjeno.
The general government gross debt-to-GDP declined to 117.7% in 2019, above the Treaty reference value of 60%.
Bruto dolg sektorja država kot odstotek BDP se je v letu 2019 zmanjšal na 117,7 %, kar je nad referenčno vrednostjo iz Pogodbe, ki znaša 60 %.
As specified in Article 2(4) of Regulation (EC) No 1467/97, as regards compliance with the deficit criterion in 2020, however, since the general government debt-to-GDP ratio exceeds the Treaty reference value of 60% and the double condition of the overarching principle is not met - i.e. that the general government deficit remains close to the Treaty reference value of 3% of GDP and that its excess over the that reference value is temporary - those relevant factors cannot be taken into account in the steps leading to the decision on the existence of an excessive deficit for Portugal.
Kot je določeno v členu 2(4) Uredbe (ES) št. 1467/97, pa kar zadeva izpolnjevanje merila glede primanjkljaja v letu 2020, ker delež dolga sektorja država v BDP presega referenčno vrednost 60 % BDP in ni izpolnjen dvojni pogoj osnovnega načela - tj. da primanjkljaj sektorja država ostaja blizu referenčne vrednosti iz Pogodbe, ki znaša 3 % BDP, in da je referenčna vrednost presežena le začasno -, navedenih pomembnih dejavnikov v korakih, ki so podlaga za sklep o obstoju čezmernega primanjkljaja na Portugalskem, ni mogoče upoštevati.