natgillin/translations-raw huggingface dataset:
Having regard to the observations made by Croatia,
ob upoštevanju pripomb, ki jih je predložila Hrvaška,
According to Article 126 of the Treaty on the Functioning of the European Union (TFEU) Member States are to avoid excessive government deficits.
V skladu s členom 126 Pogodbe o delovanju Evropske unije (PDEU) se države članice izogibajo čezmernemu javnofinančnemu primanjkljaju.
The Stability and Growth Pact (SGP) is based on the objective of sound government finances as a means of strengthening the conditions for price stability and for strong sustainable growth conducive to employment creation.
Pakt za stabilnost in rast temelji na cilju zdravih javnih financ kot sredstvu za izboljšanje pogojev za stabilnost cen in močno trajnostno rast, ki prispeva k ustvarjanju delovnih mest.
The excessive deficit procedure (EDP) under Article 126 TFEU, as clarified by Council Regulation (EC) No 1467/97 [1], which is part of the SGP, provides for a Council decision on the existence of an excessive deficit.
Postopek v zvezi s čezmernim primanjkljajem iz člena 126 PDEU, kot je pojasnjen v Uredbi Sveta (ES) št. 1467/97 [1], ki je del Pakta za stabilnost in rast, določa da Svet sprejme sklep o obstoju čezmernega primanjkljaja.
The Protocol No 12 on the excessive deficit procedure, annexed to the Treaty on European Union and TFEU sets out further provisions relating to the implementation of the EDP.
Protokol (št. 12) o postopku v zvezi s čezmernim primanjkljajem, ki je priložen k Pogodbi o Evropski uniji in PDEU, vsebuje dodatne določbe glede izvajanja postopka v zvezi s čezmernim primanjkljajem.
Council Regulation (EC) No 479/2009 [2] lays down detailed rules and definitions for the application of those provisions.
Uredba Sveta (ES) št. 479/2009 [2] določa podrobna pravila in opredelitve za uporabo navedenih določb.
According to Article 126(5) TFEU, if the Commission considers that an excessive deficit in a Member State exists or may occur, it is to address an opinion to the Member State concerned and is to inform the Council accordingly.
V skladu s členom 126(5) PDEU mora Komisija, kadar meni, da v neki državi članici obstaja čezmerni primanjkljaj ali da bi do njega lahko prišlo, na zadevno državo članico nasloviti svoje mnenje in o tem obvestiti Svet.
Having taken into account its report under Article 126(3) TFEU and having regard to the opinion of the Economic and Financial Committee in accordance with Article 126(4) TFEU, the Commission concluded that an excessive deficit existed in Croatia.
Komisija je na podlagi svojega poročila na podlagi člena 126(3) PDEU in ob upoštevanju mnenja Ekonomsko-finančnega odbora v skladu s členom 126(4) PDEU ugotovila, da na Hrvaškem obstaja čezmeren primanjkljaj.
The Commission therefore addressed such an opinion to Croatia and informed the Council on 10 December 2013 [3] accordingly.
Komisija je zato 10. decembra 2013 na Hrvaško naslovila zadevno mnenje in o tem obvestila Svet [3].
Article 126(6) TFEU provides that the Council is to consider any observations which the Member State concerned may wish to make before deciding, after an overall assessment, whether an excessive deficit exists.
Člen 126(6) PDEU določa, da mora Svet upoštevati morebitne pripombe, ki jih želi predložiti zadevna država članica, preden odloči, po opravljeni splošni oceni, ali čezmerni primanjkljaj obstaja.
In the case of Croatia, this overall assessment leads to the following conclusions.
V primeru Hrvaške je Svet na podlagi te splošne ocene ugotovil naslednje.
As indicated in the Commission report prepared pursuant to Article 126(3) TFEU, the planned and forecast deficits are above, and not close to, the Treaty reference value.
Kot je navedeno v poročilu Komisije na podlagi člena 126(3) PDEU, so načrtovani in napovedani primanjkljaji nad referenčno vrednostjo iz Pogodbe, in ne blizu nje.
The excess over the reference value can be considered as exceptional within the meaning of the SGP.
Preseganje referenčne vrednosti se lahko v smislu Pakta za stabilnost in rast šteje kot izjemno.
In particular, it results in part from a severe economic downturn in the sense of the SGP.
Deloma je to zlasti posledica resnega upada gospodarske rasti v smislu Pakta za stabilnost in rast.
Potential output growth, as estimated by the Commission services according to the commonly agreed method, stagnated in 2009, turned negative in 2010, and has been negative since then.
Potencialna rast proizvodnje, kot so jo službe Komisije ocenile na podlagi skupno dogovorjene metode, je v letu 2009 stagnirala, v letu 2010 pa postala negativna in je še vedno negativna.
The calculated output gap, which has been negative since 2009, is expected to narrow gradually over the forecast period and yet remain negative through 2015, confirming the depth and the extension of the recession.
Izračunana proizvodna vrzel, ki je bila negativna od leta 2009, naj bi se v obdobju, ki ga zajema napoved, postopoma manjšala, vendar bo verjetno ostala negativna vse do leta 2015, kar potrjuje intenzivnost in obsežnost recesije.
However, the planned excess over the reference value cannot be considered temporary in the sense of the SGP.
Sicer pa ni mogoče trditi, da je načrtovano preseganje referenčne vrednosti v smislu Pakta za stabilnost in rast začasno.
The forecasts of the Croatian authorities and of the Commission services show that the general government debt ratio is on an upward trend on account of continuing high deficits and weak economic activity and it is expected to remain so over the forecast horizon.
Napovedi hrvaških organov in služb Komisije kažejo, da delež javnega dolga narašča zaradi nadaljnjih visokih primanjkljajev in šibke gospodarske aktivnosti, tako pa naj bi tudi ostalo v obdobju, ki ga zajemajo napovedi.
Hence the debt benchmark and thus the debt criterion in the TFEU are not fulfilled.
Zato referenčna vrednost za dolg in s tem zahteva iz PDEU v zvezi z merilom glede dolga nista izpolnjeni.
In line with the provisions of the TFEU, the Commission also analysed the ‘relevant factors’ in its report under Article 126(3) TFEU.
Komisija je v skladu z določbami PDEU v poročilu na podlagi člena 126(3) PDEU analizirala tudi „pomembne dejavnike“.
As specified in Article 2(4) of Regulation (EC) No 1467/97, for countries with a general government debt ratio above the reference value, those factors are to be taken into account in the steps leading to the decision on the compliance with the deficit criterion if the general government deficit remains close to the reference value and if its excess over the reference value is temporary, which is not the case for Croatia.
Kot je določeno v členu 2(4) Uredbe (ES) št. 1467/97, se lahko za države z deležem javnega dolga, ki je nad referenčno vrednostjo, ti dejavniki pri korakih, ki so podlaga za sklep o izpolnjevanju merila glede primanjkljaja, upoštevajo samo v primeru, ko primanjkljaj sektorja država ostaja blizu referenčne vrednosti in je preseganje referenčne vrednosti začasno, kar pa za Hrvaško ne velja.
The relevant factors, in particular the deep and protracted recession, against the backdrop of unsupportive external conditions, have been taken into account in the assessment of compliance with the debt criterion.
Pri oceni, ali je merilo glede dolga izpolnjeno, so se upoštevali pomembni dejavniki, zlasti globoka in dolgotrajna recesija, ki jo spremljajo neugodni zunanji pogoji.
However, the relevant factors do not modify the conclusion that the debt criterion in the TFEU is not fulfilled,
Vendar pa pomembni dejavniki ne spreminjajo zaključka, da merilo glede dolga iz PDEU ni izpolnjeno –
From an overall assessment it follows that an excessive deficit exists in Croatia.
Iz splošne ocene izhaja, da na Hrvaškem obstaja čezmerni primanjkljaj.
All EDP-related documents for Croatia can be found on the following website: http://ec.europa.eu/economy_finance/economic_governance/sgp/deficit/countries/croatia_en.htm
Vsi dokumenti o postopku v zvezi s čezmernim primanjkljajem za Hrvaško so na voljo na spletni strani: http://ec.europa.eu/economy_finance/economic_governance/sgp/deficit/countries/croatia_en.htm
The draft budget is not prepared according to the ESA 95 methodology (ESA95).
Osnutek proračuna ni pripravljen v skladu z metodologijo ESA95 (ESA95).
Deficit estimates for 2009-2012 based on ESA95 are between 1.5 and 3.3 percentage points higher than those reported according to the national methodology.
Primanjkljaji za obdobje 2009–2012, ocenjeni na podlagi metodologije ESA95, znašajo med 1,5 in 3,3 odstotne točke več kot sporočeni primanjkljaji, ocenjeni na podlagi nacionalne metodologije.
Differences stem mainly from the fact that deficit figures according to ESA95 include certain guarantees payments, debt assumptions and the repayment of the debt to pensioners.
Do razlik prihaja predvsem zaradi dejstva, da primanjkljaji po metodologiji ESA95 vključujejo nekatera izplačila v okviru poroštev, prevzeme dolga in povračilo dolga upokojencem.
According to the revision of the 2013 budget and the draft 2014 budget [4] adopted by the Croatian Government and sent to the Croatian Parliament on 14 November 2013, the Croatian authorities envisage a general government deficit of 5,5 % of GDP for 2013, after 5 % of GDP in 2012, and expect the ratio to remain unchanged in 2014 and to decrease only gradually in 2015 and 2016.
Glede na revidirani proračun za leto 2013 in osnutek proračuna za leto 2014 [4], ki ga je hrvaška vlada sprejela in poslala hrvaškemu parlamentu 14. novembra 2013, hrvaški organi za leto 2013 načrtujejo primanjkljaj sektorja država v višini 5,5 % BDP (po primanjkljaju v višini 5 % BDP leta 2012) ter pričakujejo da bo ta v letu 2014 ostal nespremenjen in da se bo v letih 2015 in 2016 samo postopoma manjšal.
The Commission services’ 2013 autumn forecast, released on 5 November 2013, projects the general government deficit to be significantly above the 3 % of GDP Treaty reference value already in 2013, rising to above 6 % of GDP in the 2013-2015 period in the absence of countervailing measures.
Skladno z napovedjo Komisije iz jeseni 2013, ki je bila objavljena 5. Novembra 2013, naj bi bil primanjkljaj sektorja država že v letu 2013 znatno nad 3 % BDP, kar je referenčna vrednost iz Pogodbe, in se ob odsotnosti izravnalnih ukrepov v obdobju 2013–2015 povečal na več kot 6 % BDP.
Economic activity is estimated to have contracted by almost 12 % since the peak in 2008.
Po ocenah naj bi se gospodarska aktivnost od vrhunca leta 2008 zmanjšala za skoraj 12 %.
Real GDP is projected to contract further in 2013, with a slight recovery expected only in 2014.
Realni BDP naj bi se v letu 2013 še naprej krčil, manjše okrevanje pa se pričakuje šele leta 2014.
According to the projections of the Croatian authorities and the Commission services’ 2013 autumn forecast, the general government deficit will remain significantly above the reference value also in 2014 and 2015.
Glede na napovedi hrvaških organov in napoved služb Komisije iz jeseni 2013 bo primanjkljaj sektorja država v letih 2014 in 2015 še naprej znatno nad referenčno vrednostjo.
The requirement concerning the deficit criterion in the TFEU is therefore not fulfilled.
Zahteva v zvezi z merilom glede primanjkljaja iz PDEU torej ni izpolnjena.
In the draft 2014 budget, the government foresees an increase in the general government debt ratio from 58,1 % in 2013 to 62 % in 2014 and further to 64,1 % in 2015 and 64,7 % in 2016.
Hrvaška vlada v osnutku proračuna za leto 2014 predvideva povečanje razmerja deleža javnega dolga z 58,1 % leta 2013 na 62 % leta 2014 in nato v letih 2015 in 2016 še dodatno povečanje na 64,1 % oziroma 64,7 %.
These figures are slightly higher than those in Croatia’s Economic and Fiscal Policy Guidelines of September 2013, in which the government forecast the general government debt ratio to reach 56,6 % in 2013, and 60,6 %, 63,4 % and 65,3 % in 2014, 2015 and 2016 respectively.
Te številke so nekoliko višje od tistih iz usmeritev ekonomske in fiskalne politike Hrvaške iz septembra 2013, v katerih je vlada napovedovala, da bo razmerje delež javnega dolga v letu 2013 dosegel 56,6 %, v letih 2014, 2015 in 2016 pa 60,6 %, 63,4 % oziroma 65,3 %.
In the Commission services’ 2013 autumn forecast, the projection for the general government debt ratio is 59,7 % for 2013.
V napovedi služb Komisije iz jeseni 2013 znaša bruto javni dolg za leto 2013 59,7 % BDP.
On unchanged policies, the general government debt ratio is expected to rise above 60 % in 2014, thus exceeding the 60 % of GDP Treaty reference value.
V primeru nespremenjenih politik naj bi se razmerje deleža javnega dolga leta 2014 dvignilo nad 60 % in s tem preseglo referenčno vrednost 60 % iz Pogodbe.
According to currently available information, a USD-denominated bond issuance in November 2013 would bring the general government debt ratio above the 60 % threshold already by the end of 2013.
Glede na trenutno razpoložljive informacije bi izdaja dolarskih državnih obveznic novembra 2013 javni dolg povišala nad prag 60 % že do konca leta 2013.
Article 2(1a) of Regulation (EC) 1467/97 stipulates that the requirement under the debt criterion is also to be considered to be fulfilled if the budgetary forecasts of the Commission indicate that the required reduction in the differential with respect to the reference value will occur over the three-year period encompassing the two years following the final year for which the data is available.
V členu 2(1a) Uredbe (ES) 1467/97 je določeno, da se zahteva v zvezi z merilom glede višine dolga šteje za izpolnjena tudi, če proračunske napovedi Komisije kažejo na to, da bo do potrebnega zmanjšanja razlike glede na referenčno vrednost prišlo v triletnem obdobju, ki zajema dve leti, ki sledita zadnjemu letu, za katerega so na voljo podatki.
Decision (EU) 2015/297 of the European Central Bank
Sklep Evropske centralne banke (EU) 2015/297
amending Decision ECB/2010/23 on the allocation of monetary income of the national central banks of Member States whose currency is the euro (ECB/2014/56)
o spremembi Sklepa ECB/2010/23 o razporeditvi denarnih prihodkov nacionalnih centralnih bank držav članic, katerih valuta je euro (ECB/2014/56)
Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Article 32.2 and Article 32.7 thereof,
ob upoštevanju Statuta Evropskega sistema centralnih bank in Evropske centralne banke ter zlasti člena 32.2. in člena 32.7.
Whereas:
Statuta,
Decision ECB/2010/23 [1] establishes a mechanism for the pooling and allocation of monetary income arising from monetary policy operations.
ob upoštevanju naslednjega:
In the light of Decision ECB/2014/40 [2] and Decision ECB/2014/45 [3], the earmarkable assets need to be adjusted to take account of the amount of realised gains and losses resulting from any disposals of securities held for monetary policy purposes, for the period from the disposal until the following quarter-end.
Sklep ECB/2010/23 [1] vzpostavlja mehanizem za združevanje in razporejanje denarnih prihodkov, ki izvirajo iz operacij denarne politike.
In view of the fact that interest accruing on monetary policy operations the maturity of which is one year or longer is pooled before its collection at the end of the operation, an adjustment should be made to the calculation of the liability base and earmarkable assets pursuant to Annexes I and II to Decision ECB/2010/23.
V skladu s Sklepom ECB/2014/40 [2] in Sklepom ECB/2014/45 [3] morajo biti sredstva za posebno označitev prilagojena tako, da se upošteva znesek realiziranih dobičkov in izgub iz kakršne koli odprodaje vrednostnih papirjev v imetju za namene denarne politike, in sicer v obdobju od odprodaje do naslednjega konca četrtletja.
Decision ECB/2010/23 should be amended accordingly,
Ob upoštevanju, da so obračunane obresti za operacije denarne politike z zapadlostjo enega leta ali več združene pred zbiranjem ob koncu operacije, je v skladu s prilogama I in II k Sklepu ECB/2010/23 potrebna prilagoditev izračuna obveznostne osnove in sredstev za posebno označitev.
HAS ADOPTED THIS DECISION:
Sklep ECB/2010/23 je treba ustrezno spremeniti –
Amendment
Člen 1
Annexes I and II to Decision ECB/2010/23 are replaced by the text set out in Annexes I and II to this Decision respectively.
Sprememba
Article 2
Prilogi I in II Sklepa ECB/2010/23 se nadomestita z besedilom, določenim v prilogah I oziroma II k temu sklepu.
Entry into force
Člen 2
This Decision shall enter into force on 31 December 2014.
Začetek veljavnosti
Done at Frankfurt am Main, 15 December 2014.
Ta sklep začne veljati 31. decembra 2014.
The President of the ECB
V Frankfurtu na Majni, 15. decembra 2014
Decision ECB/2010/23 of 25 November 2010 on the allocation of monetary income of the national central banks of Member States whose currency is the euro (OJ L 35, 9.2.2011, p. 17).
Predsednik ECB
Decision ECB/2014/40 of 15 October 2014 on the implementation of the third covered bond purchase programme (OJ L 335, 22.11.2014, p. 22).
Sklep ECB/2010/23 z dne 25. novembra 2010 o razporeditvi denarnih prihodkov nacionalnih centralnih bank držav članic, katerih valuta je euro (UL L 35, 9.2.2011, str. 17).
Decision (EU) 2015/5 of the European Central Bank of 19 November 2014 on the implementation of the asset-backed securities purchase programme (ECB/2014/45) (OJ L 1, 6.1.2015, p. 4).
Sklep ECB/2014/40 z dne 15. oktobra 2014 o izvajanju tretjega programa nakupa kritih obveznic (UL L 335, 22.11.2014, str. 22).
ANNEX I
Sklep (EU) 2015/5 Evropske centralne banke z dne 19. novembra 2014 o izvajanju programa nakupa listinjenih vrednostnih papirjev (ECB/2014/45) (UL L 1, 6.1.2015, str. 4).
COMPOSITION OF THE LIABILITY BASE
„PRILOGA I
A. The liability base includes, to the exclusion of any other items:
SESTAVA OBVEZNOSTNE OSNOVE
Banknotes in circulation
A. Obveznostna osnova vključuje, z izključitvijo vseh drugih postavk:
For the purposes of this Annex, in the cash changeover year for each NCB joining the Eurosystem “Banknotes in circulation”:
Bankovce v obtoku
includes banknotes issued by the NCB and denominated in its national currency unit; and
Za potrebe te priloge za vsako NCB, ki vstopi v Eurosistem, v letu prehoda na eurogotovino ‚bankovci v obtoku‘:
must be reduced by the value of the non-remunerated loans related to frontloaded euro banknotes that have not been yet debited (part of asset item 6 of the HBS).
vključujejo bankovce, ki jih izda NCB in so denominirani v njeni nacionalni denarni enoti; in
After the relevant cash changeover year, for each NCB “banknotes in circulation” means banknotes denominated in euro, to the exclusion of any other banknotes.
se morajo znižati za vrednost neobrestovanih posojil, ki se nanašajo na preddobavljene eurobankovce, ki še niso bili knjiženi v breme (del postavke sredstev 6 v HBS).
If the cash changeover date is a day on which TARGET2 is closed, the liability of an NCB which results from euro banknotes that have been frontloaded under Guideline ECB/2006/9 and have entered into circulation before the cash changeover date forms part of the liability base (as part of the correspondent accounts under liability item 10.4 of the HBS) until the liability becomes part of the intra-Eurosystem liabilities resulting from TARGET2 transactions.
Po upoštevnem letu prehoda na eurogotovino pomenijo ‚bankovci v obtoku‘ za vsako NCB bankovce, denominirane v eurih, vsi drugi bankovci pa so izključeni.
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro, including any of the following:
Če je datum prehoda na eurogotovino dan, ko je sistem TARGET2 zaprt, je obveznost NCB, ki izhaja iz eurobankovcev, preddobavljenih v skladu s Smernico ECB/2006/9 in prispelih v obtok pred datumom prehoda na eurogotovino, del obveznostne osnove (kot del korespondenčnih računov v postavki obveznosti 10.4 v HBS), dokler obveznost ne postane del obveznosti znotraj Eurosistema, ki izhajajo iz transakcij prek sistema TARGET2.
current accounts including minimum reserve requirements under Article 19.1 of the Statute of the ESCB (liability item 2.1 of the HBS);
Obveznosti do kreditnih institucij euroobmočja, povezane z operacijami denarne politike in denominirane v eurih, kar vključuje vse naslednje:
amounts in deposit under the Eurosystem deposit facility (liability item 2.2 of the HBS);
tekoče račune, vključno z obveznimi rezervami v skladu s členom 19.1 Statuta ESCB (postavka obveznosti 2.1 v HBS);
fixed-term deposits (liability item 2.3 of the HBS);
zneske v depozitu v okviru Eurosistemove odprte ponudbe mejnega depozita (postavka obveznosti 2.2 v HBS);
liabilities arising from fine-tuning reverse operations (liability item 2.4 of the HBS);
vezane depozite (postavka obveznosti 2.3 v HBS);
deposits related to margin calls (liability item 2.5 of the HBS).
obveznosti iz naslova povratnih operacij finega uravnavanja (postavka obveznosti 2.4 v HBS);
Deposit liabilities to defaulted Eurosystem counterparties which have been reclassified from liability item 2.1 of the HBS.
depozite v povezavi s pozivi h kritju (postavka obveznosti 2.5 v HBS).
Intra-Eurosystem liabilities of NCBs arising from the issuance of ECB debt certificates under Chapter 3.3 of Annex I to Guideline ECB/2011/14 (liability item 10.2 of the HBS).
Depozitne obveznosti do nasprotnih strank Eurosistema, ki ne izpolnijo svojih obveznosti, ki so bile prerazvrščene iz postavke obveznosti 2.1 v HBS.
Net intra-Eurosystem liabilities on euro banknotes in circulation, including those resulting from the application of Article 4 of this Decision (part of liability item 10.3 of the HBS).
Obveznosti NCB znotr aj Eurosistema, ki izhajajo iz izdaje dolžniških certifikatov ECB v skladu s poglavjem 3.3 Priloge I k Smernici ECB/2011/14 (postavka obveznosti 10.2 v HBS).
Net intra-Eurosystem liabilities resulting from TARGET2 transactions remunerated at the reference rate (part of liability item 10.4 of the HBS).
Neto obveznosti znotraj Eurosistema iz naslova eurobankovcev v obtoku, vključno z obveznostmi, ki izhajajo iz uporabe člena 4 tega sklepa (del postavke obveznosti 10.3 v HBS).
Accrued interest recorded at quarter-end by each NCB on monetary policy liabilities the maturity of which is one year or longer (part of liability item 12.2 of the HBS).
Neto obveznosti znotraj Eurosistema, ki izhajajo iz transakcij prek sistema TARGET2, obrestovane po referenčni obrestni meri (del postavke obveznosti 10.4 v HBS).
B. The amount of each NCB's liability base is calculated in accordance with the harmonised accounting principles and rules laid down in Guideline ECB/2010/20.
Obračunane obresti, ki jih vsaka NCB evidentira ob koncu četrtletja za obveznosti denarne politike z zapadlostjo enega leta ali več (del postavke obveznosti 12.2 v HBS).
Guideline ECB/2011/14 of 20 September 2011 on monetary policy instruments and procedures of the Eurosystem (OJ L 331, 14.12.2011, p. 1).’
B. Znesek obveznostne osnove se za vsako NCB izračuna v skladu s harmoniziranimi računovodskimi načeli in pravili, določenimi v Smernici ECB/2010/20.
ANNEX II
Smernica ECB/2011/14 Evropske centralne banke z dne 20. septembra 2011 o instrumentih in postopkih denarne politike Eurosistema (UL L 331, 14.12.2011, str. 1).“
‘ANNEX II
PRILOGA II
EARMARKABLE ASSETS
„PRILOGA II
A. Earmarkable assets include, with the exclusion of any other items:
SREDSTVA ZA POSEBNO OZNAČITEV
Lending to euro area credit institutions related to monetary policy operations denominated in euro (asset item 5 of the HBS).
A. Sredstva za posebno označitev vključujejo, z izključitvijo vseh drugih postavk:
Securities held for monetary policy purposes (part of asset item 7.1 of the HBS).
Posojila kreditnim institucijam euroobmočja, povezana z operacijami denarne politike, denominirana v eurih (postavka sredstev 5 v HBS).
Intra-Eurosystem claims equivalent to the transfer of foreign reserve assets other than gold to the ECB under Article 30 of the Statute of the ESCB (part of asset item 9.2 of the HBS).
Vrednostni papirji v imetju za namene denarne politike (del postavke sredstev 7.1 v HBS).