Assertion: fiscal year's period | /r/CapableOf | cover the latest fiscal year
Facets:
value: for the current and next year
type: TEMPORAL
Source sentences:
text: Member States whose government debt-to-GDP ratio exceeds the 60% reference level in the latest recorded fiscal year, shall reduce it at an average rate of at least one twentieth (5%) per year of the exceeded percentage points, where the calculated average period shall be either the 3-year period covering the latest fiscal year and forecasts for the current and next year, or the latest three fiscal years.
text: If the European Commission had decided the interim values in the 3-year periods should have no direct influence on the reduction requirement at the end point of the period, then the formula would have been quite simple (i.e. for a debt-to-GDP ratio recorded to be 80% by the end of the year preceding the latest fiscal year, then it should for the period covering the latest fiscal year and the subsequent forecast two years decline with at least: 1/20 * 20% = 1.0 percentage point per year, resulting in a limit of 77.0% three years later).
text: Member States whose government debt-to-GDP ratio exceeds the 60% reference level in the latest recorded fiscal year, shall reduce it at an average rate of at least one twentieth (5%) per year of the exceeded percentage points, where the calculated average period shall be either the 3-year period covering the latest fiscal year and forecasts for the current and next year, or the latest three fiscal years.
text: If the European Commission had decided the interim values in the 3-year periods should have no direct influence on the reduction requirement at the end point of the period, then the formula would have been quite simple (i.e. for a debt-to-GDP ratio recorded to be 80% by the end of the year preceding the latest fiscal year, then it should for the period covering the latest fiscal year and the subsequent forecast two years decline with at least: 1/20 * 20% = 1.0 percentage point per year, resulting in a limit of 77.0% three years later).