natgillin/translations-raw huggingface dataset:
In its 2020 Country Report 2 , the Commission assessed that Italy made some progress in addressing the 2019 Country Specific Recommendations, which can be considered as a further mitigating factor.
Komisija je v poročilu o državi za leto 2020 2 ocenila, da je Italija dosegla določen napredek pri izvajanju priporočila za državo iz leta 2019, kar se lahko šteje kot dodaten olajševalni dejavnik.
Specifically, it projects the debt-to-GDP ratio to start declining already in 2021, to 152.7%, as part of a "multiannual effort of preserving fiscal sustainability within a strategy of fair and sustainable development from the social and environmental viewpoint".
Natančneje, napovedano je, da se bo delež javnega dolga v BDP začel zmanjševati že v letu 2021, in sicer na 152,7 %, kot del „večletnih prizadevanj za ohranitev vzdržnosti javnih financ v okviru strategije pravičnega in trajnostnega razvoja s socialnega in okoljskega vidika".
(VI)The government's plan to start reducing the headline deficit with the 2022 budget, depending on macroeconomic developments by mid-2021.
(VI)načrt vlade, da začne zmanjševati nominalni primanjkljaj s proračunom za leto 2022, odvisno od makroekonomskih gibanj do sredine leta 2021.
In that context, the authorities stress that, following the current shock, the Italian economy will need a period in which growth is relaunched without counterproductive fiscal consolidations, while basing a sustainable debt-reduction strategy on a primary balance in surplus and on strengthening Italy's potential growth on the back of ambitious public and private investments.
Ob tem organi poudarjajo, da bo italijansko gospodarstvo po trenutnem šoku potrebovalo obdobje, v katerem se bo ponovno zagnala rast brez javnofinančne konsolidacije, ki bi lahko imela nasprotni učinek od želenega, trajnostno strategijo za zmanjšanje dolga pa bo treba osnovati na presežku primarnega salda in na okrepitvi potencialne rasti Italije s pomočjo ambicioznih javnih in zasebnih naložb.
The former is related to a strong increase in public revenues despite weak real GDP growth, which is explained by positive labour market developments largely related to permanent contracts 5 and, to a lesser extent, by important policy measures to fight tax evasion (e.g. electronic invoicing, electronic transmission of receipts, and the revised methodology to estimate taxpayers' income), whose exact discretionary impact is still difficult to assess.
Prvo je povezano z močnim povečanjem javnih prihodkov, kljub šibki realni rasti BDP, kar pojasnjujejo pozitivna gibanja na trgu dela, večinoma povezana s pogodbami za nedoločen čas 5 , in v manjši meri pomembni ukrepi politike za boj proti davčnim utajam (npr. elektronsko izdajanje računov, elektronski prenos potrdil in revidirana metodologija za ocenjevanje prihodkov davčnih zavezancev), katerih točni diskrecijski učinek je še težko oceniti.
As specified in Article 2(4) of Regulation (EC) No 1467/97, as regards compliance with the deficit criterion in 2020, since the government debt-to-GDP ratio exceeds the 60% reference value and the double condition is not met - i.e. that the deficit remains close to the reference value and that its excess over the 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 on the basis of the deficit criterion for Italy.
Kot je določeno v členu 2(4) Uredbe (ES) št. 1467/97, kar zadeva izpolnjevanje merila glede primanjkljaja v letu 2020, ker delež javnega dolga v BDP presega referenčno vrednost 60 % BDP in ni izpolnjen dvojni pogoj - tj. da primanjkljaj ostaja blizu referenčne vrednosti in da je referenčna vrednost presežena le začasno -, navedenih pomembnih dejavnikov v korakih, ki so osnova za sklep o obstoju čezmernega primanjkljaja v Italiji na podlagi merila glede primanjkljaja, ni mogoče upoštevati.
Specifically, the Commission 2020 spring forecast projects GDP to decline by 9.5% in the current year, in particular as the lockdown measures put an abrupt break on private consumption and export markets shrink sharply, with tourism among the hardest-hit sectors.
Natančneje, v pomladanski napovedi Komisije 2020 je napovedan 9,5-odstotni upad BDP v tekočem letu, zlasti ker se je zaradi ukrepov zapore nenadno ustavila zasebna potrošnja, izvozni trgi pa so se močno skrčili, pri čemer je bil turizem med najbolj prizadetimi sektorji.
That decrease is related to positive revenue developments, supported by policy measures adopted by the government, for instance to fight tax evasion, and a resilient labour market.
Zmanjšanje je povezano s pozitivnimi gibanji prihodkov ob podpori ukrepov politike, ki jih je sprejela vlada, na primer za boj proti davčnim utajam, in z odpornostjo trga dela.
The drop in economic activity is expected to reduce government revenues, while government expenditure is set to rise due to the cost of automatic stabilisers and the policy response.
Po pričakovanjih naj bi se zaradi upada gospodarske aktivnosti zmanjšali javnofinančni prihodki, medtem ko naj bi se javnofinančni odhodki povečevali zaradi stroškov avtomatskih stabilizatorjev in odziva politike.
This a mitigating factor in the assessment of Italy's compliance with the deficit criterion in 2020.
To je olajševalni dejavnik pri oceni, kako Italija v letu 2020 izpolnjuje merilo glede primanjkljaja.
For the apparent breach of the debt criterion, the analysis of the relevant factors is particularly warranted, given that debt dynamics are to a larger extent influenced by factors outside the control of the government than is the case for the deficit.
Kar zadeva očitno kršitev merila glede dolga, je analiza pomembnih dejavnikov še posebej utemeljena, saj na dinamiko dolga, za razliko od dinamike primanjkljaja, v večji meri vplivajo dejavniki, ki jih vlada ne more nadzirati.
Italy did not comply with the debt reduction benchmark in 2019.
Italija leta 2019 ni izpolnjevala merila glede zmanjšanja dolga.
The COVID-19 pandemic and the related containment measures are set to push Italy's economy into a deep recession in 2020.
Pandemija COVID-19 in z njo povezani ukrepi bodo v letu 2020 italijansko gospodarstvo potisnili v globoko recesijo.
On the other hand, Italy made limited progress in shifting taxation away from labour, reducing tax expenditure and reforming the cadastral system; tackling undeclared work; supporting women's participation in the labour market; improving educational outcomes including through adequate and targeted investment and fostering upskilling; reducing the length of civil trials by enforcing and streamlining procedural rules; and improving the effectiveness of the fight against corruption by reforming procedural rules to reduce the length of criminal trials.
Po drugi strani je Italija dosegla omejen napredek pri preusmeritvi obdavčitve z dela, znižanju davčnih odhodkov in reformi katastrskega sistema; ukrepih proti neprijavljenemu delu; podpiranju udeležbe žensk na trgu dela; izboljšanju rezultatov izobraževanja, tudi z ustreznimi in ciljno usmerjenimi naložbami, ter spodbujanju izpopolnjevanja; skrajšanju trajanja civilnih sodnih postopkov z uveljavljanjem in racionalizacijo postopkovnih pravil ter izboljšanju učinkovitosti boja proti korupciji z reformo postopkovnih pravil, da bi se skrajšalo trajanje sojenja v kazenskih zadevah.
Italy made some progress in ensuring that active labour market and social policies are effectively integrated and reach out to vulnerable groups; focusing investment-related economic policy on research and innovation and quality of infrastructure; making the public administration more effective; fostering bank balance sheet restructuring; and improving non-bank financing for smaller and innovative firms.
Dosegla je določen napredek pri: zagotavljanju, da so aktivne politike zaposlovanja in socialne politike učinkovito integrirane in podpirajo ranljive skupine; osredotočanju ekonomske politike v zvezi z naložbami na raziskave in inovacije ter kakovost infrastrukture; večanju učinkovitosti javne uprave; spodbujanju prestrukturiranja bančnih bilanc stanja in izboljšanju dostopa manjših in inovativnih podjetij do nebančnih virov financiranja.
In that respect, at least the following three main aspects need to be considered when assessing compliance with the debt criterion given their impact on the debt dynamics and sustainability: (i) adherence to the MTO or the adjustment path towards it; (ii) the implementation of structural reforms; and (iii) the prevailing economic conditions.
V tem smislu je treba pri oceni izpolnjevanja merila glede dolga z vidika učinka na dinamiko in vzdržnost dolga upoštevati vsaj naslednje tri glavne vidike: (i) upoštevanje srednjeročnega cilja ali prilagoditvene poti za dosego tega cilja; (ii) izvajanje strukturnih reform in (iii) prevladujoče gospodarske razmere.
Taking into account the impact of the COVID-19 pandemic, the Commission 2020 spring forecast projects a contraction of real GDP in 2020 by 9.5%.
Ob upoštevanju vpliva pandemije COVID-19 pomladanska napoved Komisije 2020 v letu 2020 predvideva zmanjšanje realnega BDP za 9,5 %.
Finally, despite the lingering uncertainty about the medium-term fiscal outlook, the Stability Programme indicates the main traits of a longer-term strategy to reduce public debt, after the historic high of 155.7% of GDP projected for 2020.
Nenazadnje so kljub negotovosti glede srednjeročnih fiskalnih obetov v programu stabilnosti navedene glavne značilnosti dolgoročne strategije za zmanjšanje javnega dolga, potem ko je bila za leto 2020 napovedana doslej najvišja vrednost dolga v višini 155,7 % BDP.
Moreover, firms are expected to cut investment spending amid a collapse in demand, draining cash flows and high uncertainty.
Poleg tega se pričakuje, da bodo podjetja sredi upada povpraševanja, odtekanja denarnih tokov in velike negotovosti zmanjšala odhodke za naložbe.
Moreover, the data for 2019 imply insufficient progress towards the debt reduction benchmark, which also provides evidence of a prima facie existence of an excessive deficit as defined by the Stability and Growth Pact.
Poleg tega podatki za leto 2019 kažejo na nezadosten napredek pri približevanju referenčnemu merilu glede zmanjšanja dolga, kar tudi predstavlja dokaz o prima facie obstoju čezmernega primanjkljaja, kot ga opredeljuje Pakt za stabilnost in rast.
It estimates the direct budgetary impact of these support measures at around 4.5% of GDP in 2020.
V njem je neposredni proračunski učinek teh podpornih ukrepov v letu 2020 ocenjen na 4,5 % BDP.
The latter factor is due to lower average sovereign bond yields in 2019 compared to 2018, which can be considered also as being the result of the positive market perception of budgetary measures adopted by Italy in December 2018 and July 2019 following a dialogue with the Commission.
Slednji dejavnik je posledica v povprečju nižjih donosov državnih obveznic v letu 2019 v primerjavi z letom 2018, kar je mogoče pripisati pozitivnemu dojemanju proračunskih ukrepov na trgu, ki jih je Italija sprejela decembra 2018 in julija 2019 na podlagi dialoga s Komisijo.
The notified data show that Italy did not comply with the debt reduction benchmark in 2019 (see Table 1), as the gap to the benchmark is 7.4% of GDP.
Iz sporočenih podatkov je razvidno, da Italija v letu 2019 ni izpolnila merila glede zmanjšanja dolga (glej tabelo 1), saj znaša razlika do merila 7,4 % BDP.
Moreover, Italy had been experiencing a macroeconomic slowdown already before the current crisis, with both real GDP growth and the GDP deflator below 1% since 2018.
Poleg tega se je Italija že pred sedanjo krizo soočala z upočasnitvijo makroekonomskih gibanj, saj sta realna rast BDP in deflator BDP že od leta 2018 pod 1 %.
On 13 July 2018, Italy was recommended to ensure that the nominal growth rate of primary government expenditure, net of discretionary revenue measures and one-offs, would not exceed 0.1% (‘the expenditure benchmark') in 2019, corresponding to a structural adjustment of 0.6% of GDP 3 .
Italiji 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 bi presegla 0,1 % (merilo rasti odhodkov), kar je ustrezalo strukturni prilagoditvi v višini 0,6 % BDP 3 .
In particular, while the debt position deteriorates as a result of the current COVID-19 crisis, the debt ratio in the baseline is expected to be on a sustainable (declining) trajectory over the medium term (Graph 1) 7 .
Stanje dolga se zaradi krize ob izbruhu COVID-19 sicer poslabšuje, vendar se pričakuje, da bo delež dolga po osnovnem scenariju srednjeročno ostal na vzdržni poti (zniževanja) (graf 1) 7 .
Specifically, real GDP growth decelerated from 1.7% in 2017 to 0.8% in 2018 and to 0.3% in 2019, thereby falling below potential growth in that year (0.6%), as the impact of a slowdown in global trade spread to the economy and was amplified by subdued domestic demand.
Natančneje, realna rast BDP se je upočasnila z 1,7 % v letu 2017 na 0,8 % v letu 2018 in na 0,3 v letu 2019, s čimer je padla pod potencialno rast v tem letu (0,6 %), saj se je učinek upočasnitve svetovne trgovine razširil na gospodarstvo, kar se je še zaostrilo zaradi skromnega domačega povpraševanja.
The direct budgetary impact of the latter is estimated at around 4.5% of GDP in 2020.
Neposredne proračunske posledice slednjih so v letu 2020 ocenjene na 4,5 % BDP.
According to the 2020 Stability Programme, Italy plans a deficit of 10.4% of GDP in 2020, while debt is planned at 155.7% of GDP.
V skladu s programom stabilnosti za leto 2020 Italija v letu 2020 načrtuje primanjkljaj v višini 10,4 % BDP, dolg pa naj bi znašal 155,7 % BDP.
Data notified by the Italian authorities on 22 April 2020 and subsequently validated by Eurostat 1 show that the general government deficit in Italy reached 1.6% of GDP in 2019, while general government gross debt stood at 134.8% of GDP.
Podatki, ki so jih italijanski organi sporočili 22. aprila 2020 in jih je nato potrdil Eurostat 1 , kažejo, da je primanjkljaj sektorja država v Italiji leta 2019 dosegel 1,6 % BDP, bruto dolg sektorja država pa je znašal 134,8 % BDP.
As regards compliance with the debt criterion in 2019, the relevant factors considered are: (i) the observed macroeconomic conditions, whereby the slowdown recorded since 2018 can be argued to partly explain Italy's large gaps to compliance with the debt reduction benchmark; (ii) some progress with the implementation of growth enhancing structural reforms in past years; and (iii) the fact that there is no robust evidence of a significant deviation from the preventive arm in 2019 and over 2018 and 2019 taken together.
Kar zadeva izpolnjevanje merila glede dolga v letu 2019, obravnavani pomembni dejavniki vključujejo: (i) ugotovljene makroekonomske razmere, pri čemer upočasnitev, zabeležena od leta 2018, delno pojasnjuje velike razlike Italije do izpolnjevanja merila glede zmanjšanja dolga; (ii) določen napredek pri izvajanju strukturnih reform za krepitev rasti v preteklih letih in (iii) dejstvo, da ni trdnih dokazov o znatnem odklonu od preventivnega dela v letu 2019 ter v letih 2018 in 2019 skupaj.
The GDP deflator, in turn, increased from 0.7% in 2017 to 0.9% in 2018 and remained stable in 2019.
Nasprotno pa se je deflator BDP povečal z 0,7 % v letu 2017 na 0,9 % v letu 2018 in v letu 2019 ostal stabilen.
Given the structural nature of the more positive revenue developments than expected on the basis of real GDP dynamics, an overall assessment thus highlights that there is no robust evidence that Italy was in significant deviation from the recommended adjustment path towards the medium-term budgetary objective in 2019 and over 2018 and 2019 taken together.
Glede na strukturno naravo bolj pozitivnih gibanj prihodkov od pričakovanih na podlagi realne dinamike BDP celovita ocena tako poudarja, da ni trdnih dokazov, da je v Italiji obstajal znaten odklon od priporočene prilagoditvene poti za približevanje srednjeročnemu proračunskemu cilju v letu 2019 ter v letih 2018 in 2019 skupaj.
According to the Commission 2020 spring forecast, Italy's general government debt is expected to rise from 134.8% of GDP in 2019 to 158.9% in 2020, mainly reflecting GDP dynamics and a primary balance expected to turn negative for only the second time since the launch of the euro.
V skladu s pomladansko napovedjo Komisije 2020 naj bi se dolg sektorja država v Italiji povečal s 134,8 % BDP v letu 2019 na 158,9 % v letu 2020, zlasti kot odraz dinamike BDP, primarni saldo pa naj bi bil negativen šele drugič od uvedbe eura.
Specifically, the debt-increasing "snowball effect" (1.8% of GDP in 2019, due to interest expenditure of around 3.4% of GDP and nominal GDP growth at 1.2%) was offset by the headline primary surplus (1.7% of GDP) and the very marginal debt-reducing impact of the stock-flow adjustment.
Natančneje, učinek „snežene kepe", ki povečuje dolg (1,8 % BDP v letu 2019 zaradi odhodkov za obresti v višini okoli 3,4 % BDP in 1,2-odstotne nominalne rasti BDP), je bil izravnan z nominalnim primarnim presežkom (1,7 % BDP) in neznatnim učinkom prilagoditve stanj in tokov na zmanjšanje dolga.
Public investment is estimated to have slightly increased from around 2.1% of GDP in 2018 to around 2.3% in 2019, which is higher than the general government deficit recorded in 2019.
Po ocenah se je obseg javnih naložb nekoliko povečal s približno 2,1 % BDP v letu 2018 na približno 2,3 % v letu 2019, kar je več od primanjkljaja sektorja država, zabeleženega leta 2019.
It analyses Italy's compliance with the deficit and debt criteria of the Treaty.
Komisija je zato pripravila to poročilo, v katerem je analizirana skladnost Italije z merili glede primanjkljaja in dolga iz Pogodbe.
Italy's general government gross debt stood at 134.8% of GDP at the end of 2019, above the 60% of GDP Treaty reference value.
Bruto dolg sektorja država je v Italiji ob koncu leta 2019 znašal 134,8 % BDP, kar je nad referenčno vrednostjo 60 % BDP iz Pogodbe.
General government debt remained broadly stable at around 134.8% of GDP between 2016 and 2019, since the debt-increasing effect of interest expenditure (although on a decreasing trend) and stock-flow adjustments was largely offset by a consistent track record of headline primary surpluses and low yet positive nominal GDP growth.
Dolg sektorja država je ostal na splošno stabilen v višini okoli 134,8 % BDP med letoma 2016 in 2019, saj je bil učinek večanja dolga zaradi odhodkov za obresti (čeprav so se ti zmanjševali) in prilagoditev stanj in tokov večinoma izravnan z doslednim beleženjem nominalnih primarnih presežkov ter majhno, a pozitivno nominalno rastjo BDP.
Italy's government debt-to-GDP ratio stabilised at around 134.8% between 2018 and 2019.
Delež javnega dolga v BDP se je v Italiji med letoma 2018 in 2019 ustalil pri približno 134,8 %.
The structural balance improved by 0.8 percentage points of GDP in 2019, thus pointing (after considering the unusual event clause) to compliance with the recommended adjustment towards the medium-term budgetary objective both in 2019 and over 2018-2019 taken together.
Strukturni saldo se je v letu 2019 izboljšal za 0,8 odstotne točke BDP, kar kaže (ob upoštevanju klavzule o izrednih dogodkih) na skladnost s priporočeno prilagoditvijo za približevanje srednjeročnemu proračunskemu cilju tako v letu 2019 kot v letih 2018 in 2019 skupaj.
Once the 0.18% of GDP allowance granted under the unusual event clause is subtracted from the preventive arm requirement 4 , this leads to a deviation from the recommended adjustment path towards the medium-term budgetary objective of 0.4% of GDP, thus pointing to some deviation in 2019 and to a significant deviation over 2018-2019 taken together.
Ko se dovoljeno odstopanje v višini 0,18 % BDP, ki je bilo odobreno na podlagi klavzule o izrednih dogodkih, odšteje od zahteve iz preventivnega dela 4 , znaša odklon od priporočene prilagoditvene poti za približevanje srednjeročnemu proračunskemu cilju 0,4 % BDP, kar kaže na določen odklon v letu 2019 in na znaten odklon v letih 2018 in 2019 skupaj.
The headline deficit fell from 2.2% of GDP in 2018 to a historic low of 1.6% in 2019.
Nominalni primanjkljaj se je zmanjšal z 2,2 % BDP v letu 2018 na dotlej najnižjo raven, tj. 1,6 % v letu 2019.
Overall, the analysis leads to the conclusion that there is no sufficient evidence that the debt criterion as defined in the Treaty and in Regulation (EC) No 1467/1997 is or is not complied with.
V celoti gledano analiza kaže, da ni zadostnih dokazov, na podlagi katerih bi bilo mogoče ugotoviti, da merilo glede dolga, kakor je opredeljeno v Pogodbi in Uredbi (ES) št. 1467/1997, ni izpolnjeno.
Based on the 2020 Stability Programme, Italy's general government deficit is expected to reach 10.4% of GDP in 2020, above and not close to the Treaty reference value of 3% of GDP.
Na podlagi programa stabilnosti za leto 2020 naj bi primanjkljaj sektorja država v Italiji v letu 2020 dosegel 10,4 % BDP, kar je nad referenčno vrednostjo iz Pogodbe, ki znaša 3 % BDP, in ni blizu nje.
Overall, Italy's long-lasting macroeconomic slowdown, with nominal GDP growth below 2% since 2018, can be argued to partly explain the large compliance gap with the debt reduction benchmark in 2019.
Na splošno je mogoče veliko razliko do skladnosti z merilom glede zmanjšanja dolga v letu 2019 delno pojasniti z dolgotrajno upočasnitvijo makroekonomskih gibanj v Italiji z manj kot 2-odstotno nominalno rastjo BDP od leta 2018.
According to the Stability Programme, Italy's general government deficit in 2020 is planned to increase to 10.4% of GDP, above and not close to the 3% of GDP Treaty reference value.
V skladu s programom stabilnosti naj bi se nominalni primanjkljaj sektorja država v Italiji v letu 2020 povečal na 10,4 % BDP, kar je nad referenčno vrednostjo iz Pogodbe, ki znaša 3 % BDP, in ni blizu nje.
The latter prevented the adoption of some planned revenue-increasing measures.
Slednje je onemogočilo sprejetje nekaterih načrtovanih ukrepov za povečanje prihodkov.
Interest rates assumptions are set in line with financial market expectations.
Predpostavke o obrestnih merah so določene v skladu s pričakovanji na finančnih trgih.
In order to ensure continuous and effective progress towards compliance during the transition period, Spain should respect simultaneously the following two conditions:
Za zagotovitev stalnega in učinkovitega napredka pri doseganju skladnosti v prehodnem obdobju bi morala Španija istočasno spoštovati naslednja pogoja:
Inflation is assumed to converge gradually to 2%.
Predpostavljeno je, da se bo inflacija postopoma približevala ravni 2 %.
Real GDP growth is projected according to the so-called EPC/OGWG T+10 methodology.
Projekcija realne rasti BDP je izračunana v skladu s tako imenovano metodologijo EPC/OGWG T+10.
It also makes reference to methodological issues related to the measurement of fiscal targets and fiscal effort.
Omenjena so tudi metodološka vprašanja, povezana z merjenjem fiskalnih ciljev in fiskalnega napora.
On 11 May 2020, the Spanish authorities transmitted a letter with relevant factors in accordance with Article 2(3) of Regulation (EC) No 1467/97.
Španski organi so 11. maja 2020 poslali dopis, v katerem so navedli pomembne dejavnike v skladu s členom 2(3) Uredbe (ES) št. 1467/97.
The transition period started in 2019 and will end in 2021.
To prehodno obdobje se je začelo leta 2019 in se bo končalo leta 2021.
On substance, however, this does not point to fundamental differences in the overall assessment of the impact of the crisis on government expenditure.
Vendar z vsebinskega vidika to ne kaže na bistvene razlike pri celoviti oceni učinka krize na javnofinančne odhodke.
Note: MLSA refers to the Minimum Linear Structural Adjustment
Opomba: MLSP pomeni minimalno linearno strukturno prilagoditev.
Beyond 2021, a gradual adjustment of fiscal policy is assumed, consistent with the EU economic and fiscal coordination and surveillance frameworks.
Po letu 2021 se predpostavlja postopno prilagajanje fiskalne politike v skladu z okvirom EU za ekonomsko in fiskalno usklajevanje ter nadzor.