Definition of Budget Balance Forecast

The structural budget balance refers to the general government cyclically adjusted balance adjusted for nonstructural elements beyond the economic cycle. These include temporary financial sector and asset price movements as well as one-off, or temporary, revenue or expenditure items. The cyclically adjusted balance is the fiscal balance adjusted for the effects of the economic cycle. The series includes actual historical values for past years and forecast values for the current and the next few years.

Related Indicators

• Current Account Balance Forecast
• Fiscal Balance
• Inflation Forecast
• Economic Growth Forecast
• Balance Of Payments