natgillin/translations-raw huggingface dataset:
Overall, the debt sustainability assessment indicates that, notwithstanding risks, the debt position remains sustainable over the medium term, also given important mitigating factors (including 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 (vključno s profilom dolga in preteklo nizko ravnjo obrestnih mer).
The macroeconomic outlook is marked by an exceptional degree of uncertainty related to the duration of the pandemic and its economic impact. 
Makroekonomski obeti so povezani z izjemno visoko stopnjo negotovosti glede trajanja pandemije in njenih gospodarskih učinkov.
It takes into account all relevant factors and gives due consideration to the major economic shock linked to the COVID-19 pandemic.. 
Poročilo upošteva vse pomembne dejavnike ter ustrezno upošteva velik gospodarski šok, povezan s pandemijo COVID-19.
An additional factor not yet mentioned above is the caretaker government's limited leeway to take deficit-reducing measures at the federal level. 
Dodatni dejavnik, ki doslej še ni bil naveden, je to, da je vlada, ki je opravljala tekoče posle, imela omejene možnosti, da bi na zvezni ravni sprejemala ukrepe za zmanjševanje primanjkljaja.
Specifically, while the measures adopted to counter the COVID-19 pandemic amount to 1.2% of GDP, automatic stabilisers are planned to contribute 5 percentage points of GDP to the planned deficit. 
Čeprav ukrepi, sprejeti za boj proti pandemiji COVID-19, znašajo 1,2 % BDP, se načrtuje, da bodo avtomatski stabilizatorji k načrtovanemu primanjkljaju prispevali 5 odstotnih točk BDP.
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 Belgium. 
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 podlaga za sklep o obstoju čezmernega primanjkljaja v Belgiji na podlagi merila glede primanjkljaja, ni mogoče upoštevati.
Economic activity is expected to be severely affected by the COVID-19 outbreak and the related containment measures. 
Pričakuje se, da bo gospodarska aktivnost zaradi izbruha COVID-19 in povezanih zajezitvenih ukrepov močno prizadeta.
Graph 1: Government debt-to-GDP ratio, Belgium, % of GDP 
Graf 1: Delež javnega dolga v BDP, Belgija, v % BDP
This is recognised in Article 2(4) of Regulation (EC) No 1467/97, which provides that the relevant factors shall be taken into account when assessing compliance on the basis of the debt criterion irrespective of the size of the breach. 
To je priznano v členu 2(4) Uredbe (ES) št. 1467/97, ki določa, da se pomembni dejavniki upoštevajo pri oceni izpolnjevanja pogojev na podlagi merila glede dolga, ne glede na resnost kršitve.
Since 2016, real GDP growth has been growing above potential, driven by dynamic investment and private consumption, while the contribution from net exports remained subdued. 
Od leta 2016 rast realnega BDP presega potencial, kar je posledica dinamičnih naložb in zasebne potrošnje, prispevek neto izvoza pa je skromen.
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.
As regards compliance with the debt criterion in 2019, the relevant factors, in particular (i) the observed macroeconomic conditions; (ii) the implementation of growth-enhancing structural reforms in past years, and (iii) the significant deviation from the recommended adjustment path towards the medium term budgetary objective, lead to the conclusion that the debt criterion as defined in the Treaty and in Regulation (EC) No 1467/1997 is not complied with. 
Kar zadeva izpolnjevanje merila glede dolga v letu 2019, pomembni dejavniki, zlasti (i) ugotovljene makroekonomske razmere; (ii) izvajanje strukturnih reform za spodbujanje rasti v preteklih letih in (iii) znaten odklon od priporočene prilagoditvene poti za dosego srednjeročnega proračunskega cilja, kažejo, da merilo glede dolga, kot je opredeljeno v Pogodbi in Uredbi (ES) št. 1467/1997, ni izpolnjeno.
Belgium did not comply with the debt reduction benchmark in 2019. 
Belgija v letu 2019 ni izpolnjevala merila glede zmanjšanja dolga.
The debt-decreasing effect stemming from a slight primary surplus, debt-decreasing stock flow adjustments, real GDP growth and an increase in prices (inflation effect), was partly offset by the interest expenditure, although decreasing. 
Učinek zmanjševanja dolga, ki izvira iz rahlega primarnega presežka, prilagoditve stanj in tokov, ki zmanjšujejo dolg, realne rasti BDP in zvišanja cen (učinek inflacije), je bil delno izravnan z odhodki za obresti, ki sicer upadajo.
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.
The structural balance deteriorated by 0.6 percentage points of GDP in 2019, thus also pointing to a significant deviation by 0.7% of GDP. 
Strukturni saldo se je v letu 2019 poslabšal za 0,6 odstotne točke BDP, kar prav tako kaže na znaten odklon za 0,7 % BDP.
On 09 July 2019, Belgium was recommended to ensure that the nominal growth rate of primary government expenditure, net of discretionary revenue measures and one-offs, did not exceed 2.8% in 2019 (‘the expenditure benchmark'), corresponding to a structural adjustment of 0.1% of GDP, taking into account the structural reform clause 3 . 
Belgiji je bilo 9. julija 2019 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 2,8 % (merilo rasti odhodkov), kar je ustrezalo strukturni prilagoditvi v višini 0,1 % BDP ob upoštevanju klavzule o strukturnih reformah 3 .
The Commission 2020 spring forecast projects GDP to decline by 7.2% in 2020, due to a fall in private consumption and investment, while net trade's contribution to growth is forecast to remain negative amid a fall in trade volume. 
V pomladanski napovedi Komisije 2020 je za leto 2020 napovedano 7,2-odstotno zmanjšanje BDP zaradi upada zasebne potrošnje in naložb, neto prispevek trgovine k rasti pa bo glede na upad obsega trgovine po napovedih ostal negativen.
The notified data show that Belgium did not comply with the debt reduction benchmark in 2019 (see Table 1), as the gap to the benchmark is 0.7 % of GDP. 
Iz sporočenih podatkov je razvidno, da Belgija v letu 2019 ni izpolnila merila glede zmanjšanja dolga (glej tabelo 1), saj je vrzel glede na referenčno vrednost znašala 0,7 % BDP.
Moreover, the data for 2019 imply insufficient progress towards the debt reduction benchmark, which also provides prima facie evidence of the existence of an excessive deficit as defined by the Stability and Growth Pact. 
Poleg tega podatki za leto 2019 kažejo na nezadosten napredek pri doseganju merila glede zmanjšanja dolga, kar tudi predstavlja dokaz prima facie o obstoju čezmernega primanjkljaja, kot ga opredeljuje Pakt za stabilnost in rast.
The planned excess over the Treaty reference value would not be temporary based on the Commission 2020 spring forecast, which projects the deficit to remain above 3% of GDP in 2021. 
Načrtovano preseganje referenčne vrednosti iz Pogodbe glede na pomladansko napoved Komisije 2020 ni začasno, saj naj bi primanjkljaj v letu 2021 ostal nad 3 % BDP.
Taking into account the impact of the COVID-19 pandemic, the Commission 2020 spring forecast projects a contraction of real GDP in 2020 by 7.2%. 
Ob upoštevanju vpliva pandemije COVID-19 pomladanska napoved Komisije 2020 v letu 2020 predvideva zmanjšanje realnega BDP za 7,2 %.
Data notified by the Belgian authorities on 31 March 2020 and subsequently validated by Eurostat 1 show that the general government deficit in Belgium reached 1.9% of GDP in 2019, while general government gross debt stood at 98.6% of GDP. 
Podatki, ki so jih belgijski organi sporočili 31. marca 2020 in jih je nato potrdil Eurostat 1 , kažejo, da je primanjkljaj sektorja država v Belgiji leta 2019 dosegel 1,9 % BDP, bruto dolg sektorja država pa je znašal 98,6 % BDP.
Nominal growth picked up in 2017 and abated slightly in 2018 and 2019 due to the slow-down in economic activity and weaker GDP deflator. 
Nominalna rast se je v letu 2017 povečala, v letih 2018 in 2019 pa se je rahlo umirila zaradi upočasnitve gospodarske aktivnosti in šibkejšega deflatorja BDP.
According to the 2020 Stability Programme, Belgium plans a deficit of 7.5% of GDP in 2020, while debt would attain 115% of GDP. 
V skladu s programom stabilnosti za leto 2020 Belgija v letu 2020 načrtuje primanjkljaj v višini 7,5 % BDP, dolg pa naj bi znašal 115 % BDP.
Based on outturn data and the Commission forecast, expenditure growth exceeded the benchmark, with a deviation of 0.7% of GDP in 2019 from the recommended adjustment path towards the medium-term budgetary objective, thus pointing to a significant deviation. 
Glede na podatke o realizaciji in napoved Komisije je rast odhodkov presegla to merilo, saj je odklon od priporočene prilagoditvene poti za približevanje srednjeročnemu proračunskemu cilju v letu 2019 znašal 0,7 % BDP, kar kaže na znaten odklon.
This a mitigating factor in the assessment of Belgium's compliance with the deficit criterion in 2020. 
To je olajševalna okoliščina pri oceni, kako Belgija v letu 2020 izpolnjuje merilo glede primanjkljaja.
General government deficit and debt (% of GDP) 
Tabela 1: Primanjkljaj in dolg sektorja država (v % BDP)
In particular, while the debt position deteriorates as a result of the COVID-19 crisis, the debt-to-GDP ratio in the baseline is expected to be on a sustainable (declining) trajectory over the medium term 4 . 
Stanje dolga se zaradi krize ob izbruhu COVID-19 sicer slabša, vendar se pričakuje, da bo delež javnega dolga v BDP po osnovnem scenariju srednjeročno ostal na vzdržni poti (zniževanja) 4 .
Hence, it cannot be argued that macroeconomic conditions are a mitigating factor in explaining Belgium's lack of sufficient progress towards meeting the debt reduction benchmark in 2019. 
Zato ni mogoče trditi, da so makroekonomski pogoji olajševalni dejavnik, s katerim bi se lahko pojasnilo, zakaj Belgija pri izpolnjevanju merila glede zmanjšanja dolga leta 2019 ni dosegla zadostnega napredka.
In 2019, the debt ratio declined further, to 98.6%, reflecting the debt-decreasing effect stemming from a slight primary surplus, downward stock-flow adjustments and a downward snowball effect of 0.9% of GDP as a result of real GDP growth and the increase in prices (inflation effect). 
Delež dolga se je v letu 2019 nadalje zmanjšal na 98,6 %, kar odraža učinek zmanjševanja dolga, ki izhaja iz rahlega primarnega presežka, prilagoditve stanj in tokov navzdol ter učinka snežne kepe v višini 0,9 % BDP zaradi realne rasti BDP in rasti cen (učinek inflacije).
The analysis thus suggests that prima facie the debt criterion is not fulfilled based on the 2019 outturn data. 
Analiza torej kaže, da merilo glede dolga na podlagi podatkov o realizaciji iz leta 2019 prima facie ni izpolnjeno.
Government debt declined steadily between 2016 and 2018, from 104.9% to 99.8% of GDP, due to increasing primary surpluses and declining interest payments. 
Javni dolg se je med letoma 2016 in 2018 stalno zmanjševal s 104,9 % na 99,8 % BDP, in sicer zaradi vedno večjih primarnih presežkov in upadajočih plačil obresti.
The lack of compliance with the preventive arm requirements is an aggravating factor for the assessment of Belgium's prima facie non-compliance with the debt criterion in 2019. 
Neizpolnjevanje zahtev preventivnega dela je oteževalni dejavnik pri oceni, ali Belgija v letu 2019 prima facie ni izpolnjevala merila glede dolga.
According to the Commission 2020 spring forecast, general government debt is expected to rise from 98.6% of GDP in 2019 to 113.8% in 2020. 
V skladu s pomladansko napovedjo Komisije 2020 naj bi se dolg sektorja država povečal z 98,6 % BDP, kolikor je znašal v letu 2019, na 113,8 % BDP v letu 2020.
In particular, revenues from corporate income taxation fell after a temporary boost in 2017 and 2018 due to a change in the timing of tax collection. 
Prihodki od davkov od dohodkov pravnih oseb so zaradi spremembe časovnih rokov pobiranja davkov po začasnem porastu v letih 2017 in 2018 upadli.
The government debt-to-GDP ratio decreased from 99.8% in 2018 to 98.6% in 2019. 
Delež javnega dolga v BDP se je zmanjšal z 99,8 % BDP v letu 2018 na 98,6 % BDP v letu 2019.
The general government gross debt stood at 98.6% of GDP at the end of 2019, above the 60% of GDP Treaty reference value. 
Bruto dolg sektorja država je ob koncu leta 2019 znašal 98,6 % BDP, kar je nad referenčno vrednostjo 60 % BDP iz Pogodbe.
Based on the 2020 Stability Programme, Belgium's general government deficit in 2020 is expected to reach 7.5% of GDP, 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 Belgije v letu 2020 dosegel 7,5 % BDP, kar je nad referenčno vrednostjo iz Pogodbe, ki znaša 3 % BDP, in ni blizu nje.
Additional factors not yet mentioned above are: 
Dodatni dejavniki, ki zgoraj še niso obravnavani, so:
The positive fiscal trend was continuing in the first two months of 2020. 
Pozitivni fiskalni trend se je nadaljeval v prvih dveh mesecih leta 2020;
4.2 Medium-term economic position, including structural reforms 
4.2 Srednjeročni gospodarski položaj, vključno s strukturnimi reformami
On 15 May 2020, the Italian authorities transmitted a letter with relevant factors in accordance with Article 2(3) of Regulation (EC) No 1467/97. 
Italijanski organi so 15. maja 2020 poslali dopis, v katerem so navedli pomembne dejavnike v skladu s členom 2(3) Uredbe (ES) št. 1467/97.
The consequences for GDP growth will depend both on the duration of the pandemic and on the measures taken by national authorities and at European and global level to slow its spread, protect production capacities and support aggregate demand. 
Posledice za rast BDP bodo odvisne od trajanja pandemije in ukrepov, ki so bili sprejeti s strani nacionalnih organov ter na evropski in svetovni ravni za upočasnitev njenega širjenja, zaščito proizvodnih zmogljivosti in podporo skupnemu povpraševanju.
More specifically, Italy made substantial progress in fighting tax evasion, including by strengthening the compulsory use of electronic payments. 
Natančneje, Italija je dosegla znaten napredek v boju proti davčnim utajam, med drugim z okrepitvijo obvezne uporabe elektronskih plačil.
According to the authorities, the weak macroeconomic performance of Italy was also due to external factors and deflationary mechanisms within the euro area. 
Po navedbah organov je bila šibka makroekonomska uspešnost Italije tudi posledica zunanjih dejavnikov in deflacijskih mehanizmov v euroobmočju;
(III)The underestimation of the slack in Italy's economy based on the commonly agreed methodology, whose results for Italy are argued to be debatable on a comparative basis. 
(III)podcenjevanje stagnacije gospodarstva Italije na podlagi skupno dogovorjene metodologije, katere rezultati za Italijo naj bi bili primerjalno vprašljivi;
The debt-reduction strategy will rest on structural reforms, investment and innovation policies aimed at raising the growth potential of the economy coupled with an adequate fiscal stance. 
Strategija za zmanjšanje dolga se bo opirala na strukturne reforme, naložbe in inovacijske politike, namenjene povečanju potenciala rasti gospodarstva v povezavi z ustrezno fiskalno naravnanostjo.
Based on outturn data and the Commission forecast, expenditure growth exceeded the benchmark. 
Glede na podatke o realizaciji in napoved Komisije je rast odhodkov presegla merilo.
The difference between the two indicators is mainly due to revenue windfalls (0.5 percentage points of GDP) and the change in interest expenditure (0.3 percentage points of GDP). 
Razlika med obema kazalnikoma je predvsem posledica nepričakovano visokih prihodkov (0,5 odstotne točke BDP) in spremembe v odhodkih za obresti (0,3 odstotne točke BDP).
The COVID-19 pandemic has led to a major economic shock that is having a significant negative impact throughout the Union. 
Pandemija COVID-19 je povzročila velik gospodarski šok, ki ima izrazito negativen vpliv po vsej Uniji.
However the macroeconomic outlook is marked by an exceptional degree of uncertainty related to the duration of the pandemic and its economic impact. 
Vendar so makroekonomski obeti povezani z izjemno visoko stopnjo negotovosti glede trajanja pandemije in njenih gospodarskih učinkov.
A technical rebound is expected in the second half of 2020, supported by policy measures, and followed by a partial recovery in 2021. 
V drugi polovici leta 2020 je pričakovati tehnično okrepitev ob podpori ukrepov politike, ki ji bo v letu 2021 sledilo delno okrevanje.
(IV)The relatively high sovereign yields in comparison to other large euro area countries, which according to the authorities are at odds with Italy's budgetary performance and partly due to a pessimistic assessment of Italy's growth potential by international organizations. 
(IV)relativno visoki donosi državnih obveznic v primerjavi z drugimi velikimi državami euroobmočja, kar je po navedbah organov v nasprotju s proračunsko uspešnostjo Italije in delno posledica pesimističnih ocen potenciala rasti Italije s strani mednarodnih organizacij;
Graph 1:Government debt-to-GDP ratio, Italy, % of GDP 
Graf 1: Delež javnega dolga v BDP, Italija, v % BDP
(II)The low nominal GDP growth in 2019, which hindered debt reduction efforts. 
(II)majhna nominalna rast BDP v letu 2019, ki je ovirala prizadevanja za zmanjšanje dolga.
Moreover, Italy made no progress in reducing the share of old-age pensions in public spending to create space for other social and growth-enhancing spending; and addressing restrictions to competition, including by means of a new annual competition law. 
Poleg tega Italija ni dosegla napredka pri zmanjševanju deleža starostnih pokojnin v javnofinančnih odhodkih, da bi ustvarila prostor za druge odhodke za socialno zaščito in odhodke, ki spodbujajo rast, in pri odpravljanju omejitev za konkurenco, tudi s pomočjo novega letnega zakona o konkurenci.
The debt sustainability analysis updated with the Commission 2020 spring forecast confirms that, notwithstanding risks, Italy's debt position remains sustainable over the medium-term, which takes account of important mitigating factors like the profile of government debt and the external position 6 . 
Analiza vzdržnosti dolga, posodobljena s pomladansko napovedjo Komisije 2020, potrjuje, da kljub tveganjem stanje dolga v Italiji srednjeročno ostaja vzdržno, pri čemer se upoštevajo pomembni olajševalni dejavniki, kot sta profil javnega dolga in zunanji položaj 6 .
(V)The priority given to social inclusion in Italy's 2018-2019 reform agenda, also given the risk of productivity-enhancing reforms undermining social cohesion. 
(V)prednost, ki je je bilo v reformnem programu Italije za obdobje 2018-2019 deležno socialno vključevanje, tudi ob upoštevanju tveganja, da bi reforme, usmerjene v krepitev produktivnosti, spodkopavale socialno kohezijo;
(I)The structural balance in 2019 improving more than requested by the Council, which was supported by policy measures against tax evasion and accompanied by major progress on social inclusion and rising public investment. 
(I)izboljšanje strukturnega salda v letu 2019, ki presega zahteve Sveta, kar so podprli ukrepi politike zoper davčne utaje, spremljala pa sta ga velik napredek na področju socialnega vključevanja in povečanje obsega javnih naložb.
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.