en

government deficit

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Terminological databases

EKI terminibaas Esterm

ID 694732 Last modified 30.12.2004
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Domain public financesEconomics
  • government deficit (surplus) - the net borrowing (net lending) (N5) of the sector of general government (S60), as defined in ESA
government deficit
Usage examples
  • The excess of a government deficit over the reference value shall be considered exceptional and temporary, in accordance with Article 104s(2) (a), second indent, when resulting from an unusual event outside the control of the Member State concerned and which has a major impact on the financial position of the general government, or when resulting from a severe economic downturn.

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