Evaluation of Compliance with the Balanced Budget Rule in 2016

The 2016 general government structural deficit reached 1.89 % of GDP, which means that medium–term objective of having a close to balanced budget (structural deficit up to 0.5 % of GDP) was not met. With additional factors taken into account, the development of both the structural balance and adjusted expenditures showed a deviation of up to 0.5 % of GDP. Since none of the indicators exceeded the deviation margin set by the balanced budget rule, the CBR holds that the deviation was not significant and the correction mechanism does not have to be triggered.

 
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