Ninguna Administración Pública podrá incurrir en déficit estructural, definido como déficit ajustado del ciclo, neto de medidas excepcionales y temporales. No obstante, en caso de reformas estructurales con efectos presupuestarios a largo plazo, de acuerdo con la normativa europea, podrá alcanzarse en el conjunto de Administraciones Públicas un déficit estructural del 0,4 por ciento del Producto Interior Bruto nacional expresado en términos nominales, o el establecido en la normativa europea cuando este fuera inferior.
Any public administration may incur structural deficit, defined as cyclically adjusted deficit, net of one-off and temporary measures. However, in the case of structural reforms with a budgetary impact in the long term, according to the European regulations, may be achieved in all public administrations a structural deficit of 0,4 percent of the national gross domestic product expressed in nominal terms, or the established European standards where this is lower.
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Any Public Administration may incur in structural deficit, defined as cyclically adjusted deficit, net of exceptional and temporary measures. However, in the case of structural reforms with budgetary effects in the long term, in accordance with European regulations, may be achieved in the whole of Public Administrations a structural deficit of 0,4 Percent of the national gross domestic product expressed in nominal terms, or the established in the European regulations when this would be lower.
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