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International Monetary Fund

/ GDP over total employment. 7/ Personal disposable income deflated by the implicit deflator for private consumption. 8/ In percent of household disposable income. 9/ In percent of potential GDP. 10/ Index. Base 1995-100. For 2000, data as of July. 11/ In percent of GDP. 4. The 2000 general government deficit is now officially projected at 1.4 percent of GDP, with both expenditure and tax levels above those projected in the staff report . The deficit outcome compares favorably with the initial budget target of 1.8 percent of GDP

International Monetary Fund. Asia and Pacific Dept

fiscal councils. Assessment of the Indian Experience 8. India adopted the FRBMA in 2003 in response to high and increasing public debt and persistently-large deficits . The Act required the government to commit to multi-year fiscal targets, as well as report and publish deficit outcomes (which has been done). The government is required to make public a Medium-Term Fiscal Policy Statement, a Fiscal Policy Strategy Statement, and a Macroeconomic Framework Statement. These documents are meant to improve transparency and ensure the consistency of current and

International Monetary Fund. European Dept.

nonetheless continues to be below budgeted yearly amounts. The deficit outcome is considerably below what was envisaged in the supplementary budget approved in October 2019 (2.5 percent). These developments do not materially affect staff’s baseline projections. Revised composition of 2018 GDP . Although nominal GDP and real GDP growth for 2018 remained unchanged in the latest data update published by the State Statistical Office, the composition of real expenditures was revised. According to the update, real investment contracted by 7.3 percent in 2018 (versus 0.9 percent

International Monetary Fund
The two newly autonomous countries within the Kingdom of the Netherlands face substantial challenges. Growth has been low, and unemployment high. The current account deficit has widened to worrisome levels, increasing the vulnerability of the peg to the U.S. dollar and stimulating calls for dollarizing or dissolving the currency union. A substantial adjustment is needed to bring the underlying current account deficit to historically sustainable levels over the medium term. This could be facilitated by measures to restrain credit growth, supported by fiscal consolidation.