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Document colectat · Supraveghere fiscală și plan bugetar România

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Instituția sau publicația sursă
Supraveghere fiscală și plan bugetar România
Data preluării
26.09.2026 17:53
Dimensiunea materialului
345,7 KB

Conținutul documentului colectat

Secțiuni și tabele

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Coloana 1Coloana 2Coloana 3Coloana 4Coloana 5Coloana 6Coloana 7Coloana 8Coloana 9Coloana 10Coloana 11Coloana 12Coloana 13Coloana 14Coloana 15Coloana 16Coloana 17Coloana 18Coloana 19Coloana 20Coloana 21Coloana 22Coloana 23Coloana 24Coloana 25Coloana 26Coloana 27Coloana 28Coloana 29Coloana 30Coloana 31Coloana 32Coloana 33Coloana 34Coloana 35Coloana 36Coloana 37Coloana 38Coloana 39Coloana 40Coloana 41Coloana 42Coloana 43Coloana 44Coloana 45Coloana 46Coloana 47Coloana 48Coloana 49Coloana 50Coloana 51Coloana 52Coloana 53Coloana 54
Long-term care expenditure00.346090.348630.350040.357810.366310.379690.388140.397390.407360.416950.4270.437210.447970.458770.468770.478290.488180.498690.509680.51992
Education & unemployment benefits expenditure02.471942.465022.4672.481382.499022.514372.527162.53862.546342.548942.546892.541542.536292.53212.529232.526692.523662.518862.512642.50627
Taxes on pensions00.179180.160790.201610.226680.22690.232820.231490.228850.235330.228290.222170.225240.220810.214020.210470.216280.218020.219210.221620.22133
Property income0.56796751.0424171.0339311.0254451.0169581.0084730.99998660.99150060.98301460.97452870.96604270.95755670.94907080.94058480.93209880.92361280.91512690.90664090.89815490.88966890.881183

Coloanele sunt separate în sursă; anteturile nu sunt confirmate.

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Coloana 1Coloana 2Coloana 3Coloana 4Coloana 5Coloana 6Coloana 7Coloana 8Coloana 9Coloana 10Coloana 11Coloana 12Coloana 13Coloana 14Coloana 15Coloana 16Coloana 17Coloana 18Coloana 19Coloana 20Coloana 21Coloana 22Coloana 23Coloana 24Coloana 25Coloana 26Coloana 27Coloana 28Coloana 29Coloana 30Coloana 31Coloana 32Coloana 33Coloana 34Coloana 35Coloana 36Coloana 37Coloana 38Coloana 39Coloana 40Coloana 41Coloana 42Coloana 43Coloana 44Coloana 45Coloana 46Coloana 47Coloana 48Coloana 49Coloana 50Coloana 51Coloana 52Coloana 53Coloana 54
Real GDP growth assumptions (based on SF 2024 T+10 projections and AR 2024 projections)
Actual GDP
Growth rate5.7088874.1070332.1484713.3013272.9195552.8283992.7389622.3210882.021321.988331.9887912.0420892.0344721.9751071.9157441.8563811.7602891.6062951.468341.3211631.288693
Level (billions, national currency)889.0877
Potential GDP
Growth rate2.5242662.5837422.8688592.7615762.7073962.4011892.1729892.0400252.0213151.9883281.9887872.0420922.034471.9751071.9157441.8563821.7602911.6062981.4683421.3211641.288689
Level (billions, national currency)913.8336

Coloanele sunt separate în sursă; anteturile nu sunt confirmate.

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Coloana 1Coloana 2Coloana 3Coloana 4Coloana 5Coloana 6Coloana 7Coloana 8Coloana 9Coloana 10Coloana 11Coloana 12Coloana 13Coloana 14Coloana 15Coloana 16Coloana 17Coloana 18Coloana 19Coloana 20Coloana 21Coloana 22Coloana 23Coloana 24Coloana 25Coloana 26Coloana 27Coloana 28Coloana 29Coloana 30Coloana 31Coloana 32Coloana 33Coloana 34Coloana 35Coloana 36Coloana 37Coloana 38Coloana 39Coloana 40Coloana 41Coloana 42Coloana 43Coloana 44Coloana 45Coloana 46Coloana 47Coloana 48Coloana 49Coloana 50Coloana 51Coloana 52Coloana 53Coloana 54
Interest rates (SF 2024, %)
Nominal implicit interest rate on debt3.4699953.5900074.8260774.5376114.180669
Short-term nominal interest rate6.167.55.7210424.964375
Long-term nominal interest rate7.486.716.6365836.936851
Bloomberg data, country-specific forward market rates.
Inflation (SF 2024, %)
GDP deflator (national currency)5.44550613.2010612.165137.2613075.29927

Coloanele sunt separate în sursă; anteturile nu sunt confirmate.

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Coloana 1Coloana 2Coloana 3Coloana 4Coloana 5Coloana 6Coloana 7Coloana 8Coloana 9Coloana 10Coloana 11Coloana 12Coloana 13Coloana 14Coloana 15Coloana 16Coloana 17Coloana 18Coloana 19Coloana 20Coloana 21Coloana 22Coloana 23Coloana 24Coloana 25Coloana 26Coloana 27Coloana 28Coloana 29Coloana 30Coloana 31Coloana 32Coloana 33Coloana 34Coloana 35Coloana 36Coloana 37Coloana 38Coloana 39Coloana 40Coloana 41Coloana 42Coloana 43Coloana 44Coloana 45Coloana 46Coloana 47Coloana 48Coloana 49Coloana 50Coloana 51Coloana 52Coloana 53Coloana 54
Net primary expenditure growth (SF 2024, %)
Net primary expenditure growth7.375680807574815.01870067285811.79216002632914.320834664248

Coloanele sunt separate în sursă; anteturile nu sunt confirmate.

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Coloana 1Coloana 2Coloana 3Coloana 4Coloana 5Coloana 6Coloana 7Coloana 8Coloana 9Coloana 10Coloana 11Coloana 12Coloana 13Coloana 14Coloana 15Coloana 16Coloana 17Coloana 18Coloana 19Coloana 20Coloana 21Coloana 22Coloana 23Coloana 24Coloana 25Coloana 26Coloana 27Coloana 28Coloana 29Coloana 30Coloana 31Coloana 32Coloana 33Coloana 34Coloana 35Coloana 36Coloana 37Coloana 38Coloana 39Coloana 40Coloana 41Coloana 42Coloana 43Coloana 44Coloana 45Coloana 46Coloana 47Coloana 48Coloana 49Coloana 50Coloana 51Coloana 52Coloana 53Coloana 54
Additional parameters
Sources
Fiscal multiplier0.75Carnot, N. and de Castro, F. (2015), “The Discretionary Fiscal Effort: an Assessment of Fiscal Policy and its Output Effect”, European Economy, Economic Papers, No. 543.
Budget balance semi-elasticity0.321Mourre, G. et al. (2019), "The Semi-Elasticities Underlying the Cyclically-Adjusted Budget Balance: An Update and Further Analysis", European Economy, Discussion Paper, No. 098.

Coloanele sunt separate în sursă; anteturile nu sunt confirmate.

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Coloana 1Coloana 2Coloana 3Coloana 4Coloana 5Coloana 6Coloana 7Coloana 8Coloana 9Coloana 10Coloana 11Coloana 12Coloana 13Coloana 14Coloana 15Coloana 16Coloana 17Coloana 18Coloana 19Coloana 20Coloana 21Coloana 22Coloana 23Coloana 24Coloana 25Coloana 26Coloana 27Coloana 28Coloana 29Coloana 30Coloana 31Coloana 32Coloana 33Coloana 34Coloana 35Coloana 36Coloana 37Coloana 38Coloana 39Coloana 40Coloana 41Coloana 42Coloana 43Coloana 44Coloana 45Coloana 46Coloana 47Coloana 48Coloana 49Coloana 50Coloana 51Coloana 52Coloana 53Coloana 54
Long-term nominal interest rate (T+10 convergence value)6.91385Bloomberg data, country-specific forward market rates.
Short-term nominal interest rate (T+10 convergence value)4.16426Bloomberg data, country-specific forward market rates.
Long-term nominal interest rate (T+30 convergence value)4.5DSM 2023
Short-term nominal interest rate (T+30 convergence value)2.25DSM 2023

Coloanele sunt separate în sursă; anteturile nu sunt confirmate.

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Coloana 1Coloana 2Coloana 3Coloana 4Coloana 5Coloana 6Coloana 7Coloana 8Coloana 9Coloana 10Coloana 11Coloana 12Coloana 13Coloana 14Coloana 15Coloana 16Coloana 17Coloana 18Coloana 19Coloana 20Coloana 21Coloana 22Coloana 23Coloana 24Coloana 25Coloana 26Coloana 27Coloana 28Coloana 29Coloana 30Coloana 31Coloana 32Coloana 33Coloana 34Coloana 35Coloana 36Coloana 37Coloana 38Coloana 39Coloana 40Coloana 41Coloana 42Coloana 43Coloana 44Coloana 45Coloana 46Coloana 47Coloana 48Coloana 49Coloana 50Coloana 51Coloana 52Coloana 53Coloana 54
Share of short-term debt in total government debt0.0555826Eurostat, average shares over the 3 last available years.
Share of long-term debt in total government debt=1-C57Eurostat, average shares over the 3 last available years.
Share of long-term debt that matures every year (T+10 convergence value)0.10144519ECB, country-specific historical average shares over the 6 last available years. For post-programme countries (CY, El , IE and PT), the redemption profile of official loans has been taken into account for the computation of the share of long-term debt that matures every year. For these countries, changing this parameter would not affect debt projections.

Coloanele sunt separate în sursă; anteturile nu sunt confirmate.

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Coloana 1Coloana 2Coloana 3Coloana 4Coloana 5Coloana 6Coloana 7Coloana 8Coloana 9Coloana 10Coloana 11Coloana 12Coloana 13Coloana 14Coloana 15Coloana 16Coloana 17Coloana 18Coloana 19Coloana 20Coloana 21Coloana 22Coloana 23Coloana 24Coloana 25Coloana 26Coloana 27Coloana 28Coloana 29Coloana 30Coloana 31Coloana 32Coloana 33Coloana 34Coloana 35Coloana 36Coloana 37Coloana 38Coloana 39Coloana 40Coloana 41Coloana 42Coloana 43Coloana 44Coloana 45Coloana 46Coloana 47Coloana 48Coloana 49Coloana 50Coloana 51Coloana 52Coloana 53Coloana 54
GDP deflator (national currency) (T+10 convergence value)4.14Bloomberg data, inflation swaps.
GDP deflator (national currency) (T+30 convergence value)2.5Central bank inflation target

Coloanele sunt separate în sursă; anteturile nu sunt confirmate.

	Share of primary expenditure in GDP in 2024	39.103122968147		SF24																																																	
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Coloana 1Coloana 2Coloana 3Coloana 4Coloana 5Coloana 6Coloana 7Coloana 8Coloana 9Coloana 10Coloana 11Coloana 12Coloana 13Coloana 14Coloana 15Coloana 16Coloana 17Coloana 18Coloana 19Coloana 20Coloana 21Coloana 22Coloana 23Coloana 24Coloana 25Coloana 26Coloana 27Coloana 28Coloana 29Coloana 30Coloana 31Coloana 32Coloana 33Coloana 34Coloana 35Coloana 36Coloana 37Coloana 38Coloana 39Coloana 40Coloana 41Coloana 42Coloana 43Coloana 44Coloana 45Coloana 46Coloana 47Coloana 48Coloana 49Coloana 50Coloana 51Coloana 52Coloana 53Coloana 54
Share of outstanding debt in total debt in 20220.74843386168961Derived from the model and made consistent with the short-term forecast.
Share of rolled-over long-term debt in 20220.0828615931717Derived from the model and made consistent with the short-term forecast.
Share of rolled-over short-term debt in 20220.045179094627814Derived from the model and made consistent with the short-term forecast.
Share of new long-term debt in 20220.11715817965349Derived from the model and made consistent with the short-term forecast.
Share of new short-term debt in 20220.0063672919147044Derived from the model and made consistent with the short-term forecast.

Coloanele sunt separate în sursă; anteturile nu sunt confirmate.

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Coloana 1Coloana 2Coloana 3Coloana 4Coloana 5Coloana 6Coloana 7Coloana 8Coloana 9Coloana 10Coloana 11Coloana 12Coloana 13Coloana 14Coloana 15Coloana 16Coloana 17Coloana 18Coloana 19Coloana 20Coloana 21Coloana 22Coloana 23Coloana 24Coloana 25Coloana 26Coloana 27Coloana 28Coloana 29Coloana 30Coloana 31Coloana 32Coloana 33Coloana 34Coloana 35Coloana 36Coloana 37Coloana 38Coloana 39Coloana 40Coloana 41Coloana 42Coloana 43Coloana 44Coloana 45Coloana 46Coloana 47Coloana 48Coloana 49Coloana 50Coloana 51Coloana 52Coloana 53Coloana 54
Stochastic projections: ranges around adjustment scenario
T+1T+2T+3T+4T+5
Difference between debt level in 50th and 10th percentiles of the distribution-9.3512077331543-12.607349395752-14.925121307373-16.739044189453-18.576665878296
Difference between debt level in 50th and 30th percentiles of the distribution-3.7757759094238-5.3273887634277-6.1312522888184-6.9541778564453-7.4889793395996
Difference between debt level in 70th and 50th percentiles of the distribution4.18170547485355.75883483886727.27769851684578.49552917480479.5534324645996
Difference between debt level in 90th and 50th percentiles of the distribution10.37709808349614.82410049438518.07501602172920.90019226074223.475437164307

Coloanele sunt separate în sursă; anteturile nu sunt confirmate.

Baseline NFPC

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Coloana 1Coloana 2Coloana 3Coloana 4Coloana 5Coloana 6Coloana 7Coloana 8Coloana 9Coloana 10Coloana 11Coloana 12Coloana 13Coloana 14Coloana 15Coloana 16Coloana 17Coloana 18Coloana 19Coloana 20Coloana 21Coloana 22Coloana 23Coloana 24Coloana 25Coloana 26Coloana 27Coloana 28Coloana 29Coloana 30Coloana 31Coloana 32Coloana 33Coloana 34Coloana 35Coloana 36Coloana 37Coloana 38Coloana 39Coloana 40Coloana 41Coloana 42Coloana 43Coloana 44Coloana 45Coloana 46Coloana 47Coloana 48Coloana 49Coloana 50Coloana 51
Country='Input data'!C3
Key years
='Input data'!B5=+'Input data'!C5
Last year of adjustment=+C5+'Criteria results'!$F$5

Coloanele sunt separate în sursă; anteturile nu sunt confirmate.

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Coloana 1Coloana 2Coloana 3Coloana 4Coloana 5Coloana 6Coloana 7Coloana 8Coloana 9Coloana 10Coloana 11Coloana 12Coloana 13Coloana 14Coloana 15Coloana 16Coloana 17Coloana 18Coloana 19Coloana 20Coloana 21Coloana 22Coloana 23Coloana 24Coloana 25Coloana 26Coloana 27Coloana 28Coloana 29Coloana 30Coloana 31Coloana 32Coloana 33Coloana 34Coloana 35Coloana 36Coloana 37Coloana 38Coloana 39Coloana 40Coloana 41Coloana 42Coloana 43Coloana 44Coloana 45Coloana 46Coloana 47Coloana 48Coloana 49Coloana 50Coloana 51
Key assumptions
202120222023202420252026202720282029203020312032203320342035203620372038203920402041
Fiscal assumptions (% of GDP)
Structural primary balance ('+' means 'surplus')='Input data'!C13='Input data'!D13='Input data'!E13='Input data'!F13=F12=G12=H12=I12=J12=K12=L12=M12=N12=O12=P12=Q12=R12=S12=T12=U12=V12
One-off and other temporary measures='Input data'!C14='Input data'!D14='Input data'!E14='Input data'!F14='Input data'!G140000000000000000
Stock flow adjustments (without exchange rate effect)='Input data'!C15='Input data'!D15='Input data'!E15='Input data'!F15='Input data'!G15='Input data'!H15='Input data'!I15='Input data'!J15='Input data'!K15='Input data'!L15='Input data'!M15='Input data'!N15='Input data'!O15='Input data'!P15='Input data'!Q15='Input data'!R15='Input data'!S15='Input data'!T15='Input data'!U15='Input data'!V15='Input data'!W15

Coloanele sunt separate în sursă; anteturile nu sunt confirmate.

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Coloana 1Coloana 2Coloana 3Coloana 4Coloana 5Coloana 6Coloana 7Coloana 8Coloana 9Coloana 10Coloana 11Coloana 12Coloana 13Coloana 14Coloana 15Coloana 16Coloana 17Coloana 18Coloana 19Coloana 20Coloana 21Coloana 22Coloana 23Coloana 24Coloana 25Coloana 26Coloana 27Coloana 28Coloana 29Coloana 30Coloana 31Coloana 32Coloana 33Coloana 34Coloana 35Coloana 36Coloana 37Coloana 38Coloana 39Coloana 40Coloana 41Coloana 42Coloana 43Coloana 44Coloana 45Coloana 46Coloana 47Coloana 48Coloana 49Coloana 50Coloana 51
='Input data'!B19
Total ageing cost (net of taxes on pensions)='Input data'!C20='Input data'!D20='Input data'!E20='Input data'!F20='Input data'!G20='Input data'!H20='Input data'!I20='Input data'!J20='Input data'!K20='Input data'!L20='Input data'!M20='Input data'!N20='Input data'!O20='Input data'!P20='Input data'!Q20='Input data'!R20='Input data'!S20='Input data'!T20='Input data'!U20='Input data'!V20='Input data'!W20
='Input data'!B26='Input data'!C26='Input data'!D26='Input data'!E26='Input data'!F26='Input data'!G26='Input data'!H26='Input data'!I26='Input data'!J26='Input data'!K26='Input data'!L26='Input data'!M26='Input data'!N26='Input data'!O26='Input data'!P26='Input data'!Q26='Input data'!R26='Input data'!S26='Input data'!T26='Input data'!U26='Input data'!V26='Input data'!W26

Coloanele sunt separate în sursă; anteturile nu sunt confirmate.

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Coloana 1Coloana 2Coloana 3Coloana 4Coloana 5Coloana 6Coloana 7Coloana 8Coloana 9Coloana 10Coloana 11Coloana 12Coloana 13Coloana 14Coloana 15Coloana 16Coloana 17Coloana 18Coloana 19Coloana 20Coloana 21Coloana 22Coloana 23Coloana 24Coloana 25Coloana 26Coloana 27Coloana 28Coloana 29Coloana 30Coloana 31Coloana 32Coloana 33Coloana 34Coloana 35Coloana 36Coloana 37Coloana 38Coloana 39Coloana 40Coloana 41Coloana 42Coloana 43Coloana 44Coloana 45Coloana 46Coloana 47Coloana 48Coloana 49Coloana 50Coloana 51
GDP growth assumptions
Actual GDP (real)
Level='Input data'!C31=C22*(D23/100+1)=D22*(E23/100+1)=E22*(F23/100+1)=F22*(G23/100+1)=IF(AND(H49>1,G49>1),IF(AND(H49>0,G49>0),H26*(H50/100+1),0)+IF(H49>0,G22*(1+H51/100),0)-G22*(1+'Input data'!H30/100),IF(H49=1,H26,G22*(1+H51/100)))=IF(AND(I49>1,H49>1),IF(AND(I49>0,H49>0),I26*(I50/100+1),0)+IF(I49>0,H22*(1+I51/100),0)-H22*(1+'Input data'!I30/100),IF(I49=1,I26,H22*(1+I51/100)))=IF(AND(J49>1,I49>1),IF(AND(J49>0,I49>0),J26*(J50/100+1),0)+IF(J49>0,I22*(1+J51/100),0)-I22*(1+'Input data'!J30/100),IF(J49=1,J26,I22*(1+J51/100)))=IF(AND(K49>1,J49>1),IF(AND(K49>0,J49>0),K26*(K50/100+1),0)+IF(K49>0,J22*(1+K51/100),0)-J22*(1+'Input data'!K30/100),IF(K49=1,K26,J22*(1+K51/100)))=IF(AND(L49>1,K49>1),IF(AND(L49>0,K49>0),L26*(L50/100+1),0)+IF(L49>0,K22*(1+L51/100),0)-K22*(1+'Input data'!L30/100),IF(L49=1,L26,K22*(1+L51/100)))=IF(AND(M49>1,L49>1),IF(AND(M49>0,L49>0),M26*(M50/100+1),0)+IF(M49>0,L22*(1+M51/100),0)-L22*(1+'Input data'!M30/100),IF(M49=1,M26,L22*(1+M51/100)))=IF(AND(N49>1,M49>1),IF(AND(N49>0,M49>0),N26*(N50/100+1),0)+IF(N49>0,M22*(1+N51/100),0)-M22*(1+'Input data'!N30/100),IF(N49=1,N26,M22*(1+N51/100)))=IF(AND(O49>1,N49>1),IF(AND(O49>0,N49>0),O26*(O50/100+1),0)+IF(O49>0,N22*(1+O51/100),0)-N22*(1+'Input data'!O30/100),IF(O49=1,O26,N22*(1+O51/100)))=IF(AND(P49>1,O49>1),IF(AND(P49>0,O49>0),P26*(P50/100+1),0)+IF(P49>0,O22*(1+P51/100),0)-O22*(1+'Input data'!P30/100),IF(P49=1,P26,O22*(1+P51/100)))=IF(AND(Q49>1,P49>1),IF(AND(Q49>0,P49>0),Q26*(Q50/100+1),0)+IF(Q49>0,P22*(1+Q51/100),0)-P22*(1+'Input data'!Q30/100),IF(Q49=1,Q26,P22*(1+Q51/100)))=IF(AND(R49>1,Q49>1),IF(AND(R49>0,Q49>0),R26*(R50/100+1),0)+IF(R49>0,Q22*(1+R51/100),0)-Q22*(1+'Input data'!R30/100),IF(R49=1,R26,Q22*(1+R51/100)))=IF(AND(S49>1,R49>1),IF(AND(S49>0,R49>0),S26*(S50/100+1),0)+IF(S49>0,R22*(1+S51/100),0)-R22*(1+'Input data'!S30/100),IF(S49=1,S26,R22*(1+S51/100)))=IF(AND(T49>1,S49>1),IF(AND(T49>0,S49>0),T26*(T50/100+1),0)+IF(T49>0,S22*(1+T51/100),0)-S22*(1+'Input data'!T30/100),IF(T49=1,T26,S22*(1+T51/100)))=IF(AND(U49>1,T49>1),IF(AND(U49>0,T49>0),U26*(U50/100+1),0)+IF(U49>0,T22*(1+U51/100),0)-T22*(1+'Input data'!U30/100),IF(U49=1,U26,T22*(1+U51/100)))=IF(AND(V49>1,U49>1),IF(AND(V49>0,U49>0),V26*(V50/100+1),0)+IF(V49>0,U22*(1+V51/100),0)-U22*(1+'Input data'!V30/100),IF(V49=1,V26,U22*(1+V51/100)))=IF(AND(W49>1,V49>1),IF(AND(W49>0,V49>0),W26*(W50/100+1),0)+IF(W49>0,V22*(1+W51/100),0)-V22*(1+'Input data'!W30/100),IF(W49=1,W26,V22*(1+W51/100)))
Growth rate=+'Input data'!C30=+'Input data'!D30=+'Input data'!E30=+'Input data'!F30=+'Input data'!G30=100*(H22/G22-1)=100*(I22/H22-1)=100*(J22/I22-1)=100*(K22/J22-1)=100*(L22/K22-1)=100*(M22/L22-1)=100*(N22/M22-1)=100*(O22/N22-1)=100*(P22/O22-1)=100*(Q22/P22-1)=100*(R22/Q22-1)=100*(S22/R22-1)=100*(T22/S22-1)=100*(U22/T22-1)=100*(V22/U22-1)=100*(W22/V22-1)

Coloanele sunt separate în sursă; anteturile nu sunt confirmate.

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Coloana 1Coloana 2Coloana 3Coloana 4Coloana 5Coloana 6Coloana 7Coloana 8Coloana 9Coloana 10Coloana 11Coloana 12Coloana 13Coloana 14Coloana 15Coloana 16Coloana 17Coloana 18Coloana 19Coloana 20Coloana 21Coloana 22Coloana 23Coloana 24Coloana 25Coloana 26Coloana 27Coloana 28Coloana 29Coloana 30Coloana 31Coloana 32Coloana 33Coloana 34Coloana 35Coloana 36Coloana 37Coloana 38Coloana 39Coloana 40Coloana 41Coloana 42Coloana 43Coloana 44Coloana 45Coloana 46Coloana 47Coloana 48Coloana 49Coloana 50Coloana 51
Potential GDP (real)
Level='Input data'!C34=+C26*(1+'Input data'!D33/100)=+D26*(1+'Input data'!E33/100)=+E26*(1+'Input data'!F33/100)=+F26*(1+'Input data'!G33/100)=+G26*(1+'Input data'!H33/100)=+H26*(1+'Input data'!I33/100)=+I26*(1+'Input data'!J33/100)=+J26*(1+'Input data'!K33/100)=+K26*(1+'Input data'!L33/100)=+L26*(1+'Input data'!M33/100)=+M26*(1+'Input data'!N33/100)=+N26*(1+'Input data'!O33/100)=+O26*(1+'Input data'!P33/100)=+P26*(1+'Input data'!Q33/100)=+Q26*(1+'Input data'!R33/100)=+R26*(1+'Input data'!S33/100)=+S26*(1+'Input data'!T33/100)=+T26*(1+'Input data'!U33/100)=+U26*(1+'Input data'!V33/100)=+V26*(1+'Input data'!W33/100)

Coloanele sunt separate în sursă; anteturile nu sunt confirmate.

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Coloana 1Coloana 2Coloana 3Coloana 4Coloana 5Coloana 6Coloana 7Coloana 8Coloana 9Coloana 10Coloana 11Coloana 12Coloana 13Coloana 14Coloana 15Coloana 16Coloana 17Coloana 18Coloana 19Coloana 20Coloana 21Coloana 22Coloana 23Coloana 24Coloana 25Coloana 26Coloana 27Coloana 28Coloana 29Coloana 30Coloana 31Coloana 32Coloana 33Coloana 34Coloana 35Coloana 36Coloana 37Coloana 38Coloana 39Coloana 40Coloana 41Coloana 42Coloana 43Coloana 44Coloana 45Coloana 46Coloana 47Coloana 48Coloana 49Coloana 50Coloana 51
Output gap
Output gap=100*(C22/C26-1)=100*(D22/D26-1)=100*(E22/E26-1)=100*(F22/F26-1)=100*(G22/G26-1)=100*(H22/H26-1)=100*(I22/I26-1)=100*(J22/J26-1)=100*(K22/K26-1)=100*(L22/L26-1)=100*(M22/M26-1)=100*(N22/N26-1)=100*(O22/O26-1)=100*(P22/P26-1)=100*(Q22/Q26-1)=100*(R22/R26-1)=100*(S22/S26-1)=100*(T22/T26-1)=100*(U22/U26-1)=100*(V22/V26-1)=100*(W22/W26-1)

Coloanele sunt separate în sursă; anteturile nu sunt confirmate.

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Coloana 1Coloana 2Coloana 3Coloana 4Coloana 5Coloana 6Coloana 7Coloana 8Coloana 9Coloana 10Coloana 11Coloana 12Coloana 13Coloana 14Coloana 15Coloana 16Coloana 17Coloana 18Coloana 19Coloana 20Coloana 21Coloana 22Coloana 23Coloana 24Coloana 25Coloana 26Coloana 27Coloana 28Coloana 29Coloana 30Coloana 31Coloana 32Coloana 33Coloana 34Coloana 35Coloana 36Coloana 37Coloana 38Coloana 39Coloana 40Coloana 41Coloana 42Coloana 43Coloana 44Coloana 45Coloana 46Coloana 47Coloana 48Coloana 49Coloana 50Coloana 51
Actual GDP (nominal, national currency)
Growth rate=100*((1+C23/100)*(1+C41/100)-1)=100*((1+D23/100)*(1+D41/100)-1)=100*((1+E23/100)*(1+E41/100)-1)=100*((1+F23/100)*(1+F41/100)-1)=100*((1+G23/100)*(1+G41/100)-1)=100*((1+H23/100)*(1+H41/100)-1)=100*((1+I23/100)*(1+I41/100)-1)=100*((1+J23/100)*(1+J41/100)-1)=100*((1+K23/100)*(1+K41/100)-1)=100*((1+L23/100)*(1+L41/100)-1)=100*((1+M23/100)*(1+M41/100)-1)=100*((1+N23/100)*(1+N41/100)-1)=100*((1+O23/100)*(1+O41/100)-1)=100*((1+P23/100)*(1+P41/100)-1)=100*((1+Q23/100)*(1+Q41/100)-1)=100*((1+R23/100)*(1+R41/100)-1)=100*((1+S23/100)*(1+S41/100)-1)=100*((1+T23/100)*(1+T41/100)-1)=100*((1+U23/100)*(1+U41/100)-1)=100*((1+V23/100)*(1+V41/100)-1)=100*((1+W23/100)*(1+W41/100)-1)

Coloanele sunt separate în sursă; anteturile nu sunt confirmate.

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Coloana 1Coloana 2Coloana 3Coloana 4Coloana 5Coloana 6Coloana 7Coloana 8Coloana 9Coloana 10Coloana 11Coloana 12Coloana 13Coloana 14Coloana 15Coloana 16Coloana 17Coloana 18Coloana 19Coloana 20Coloana 21Coloana 22Coloana 23Coloana 24Coloana 25Coloana 26Coloana 27Coloana 28Coloana 29Coloana 30Coloana 31Coloana 32Coloana 33Coloana 34Coloana 35Coloana 36Coloana 37Coloana 38Coloana 39Coloana 40Coloana 41Coloana 42Coloana 43Coloana 44Coloana 45Coloana 46Coloana 47Coloana 48Coloana 49Coloana 50Coloana 51
Interest rate
Nominal implicit interest rate on debt='Input data'!C37='Input data'!D37='Input data'!E37='Input data'!F37='Input data'!G37=H96=I96=J96=K96=L96=M96=N96=O96=P96=Q96=R96=S96=T96=U96=V96=W96
Long-term interest rate='Input data'!E39='Input data'!F39='Input data'!G39=G36+($O$36-$G$36)/($O$10-$G$10)=H36+($O$36-$G$36)/($O$10-$G$10)=I36+($O$36-$G$36)/($O$10-$G$10)=J36+($O$36-$G$36)/($O$10-$G$10)=K36+($O$36-$G$36)/($O$10-$G$10)=L36+($O$36-$G$36)/($O$10-$G$10)=M36+($O$36-$G$36)/($O$10-$G$10)='Input data'!$C$52=$O$36+('Input data'!$C$54-'Input data'!$C$52)/20*('Baseline NFPC'!P$10-2033)=$O$36+('Input data'!$C$54-'Input data'!$C$52)/20*('Baseline NFPC'!Q$10-2033)=$O$36+('Input data'!$C$54-'Input data'!$C$52)/20*('Baseline NFPC'!R$10-2033)=$O$36+('Input data'!$C$54-'Input data'!$C$52)/20*('Baseline NFPC'!S$10-2033)=$O$36+('Input data'!$C$54-'Input data'!$C$52)/20*('Baseline NFPC'!T$10-2033)=$O$36+('Input data'!$C$54-'Input data'!$C$52)/20*('Baseline NFPC'!U$10-2033)=$O$36+('Input data'!$C$54-'Input data'!$C$52)/20*('Baseline NFPC'!V$10-2033)=$O$36+('Input data'!$C$54-'Input data'!$C$52)/20*('Baseline NFPC'!W$10-2033)
Short-term interest rate='Input data'!E$38='Input data'!F$38='Input data'!G$38=G37+($O$37-$G$37)/($O$10-$G$10)=H37+($O$37-$G$37)/($O$10-$G$10)=I37+($O$37-$G$37)/($O$10-$G$10)=J37+($O$37-$G$37)/($O$10-$G$10)=K37+($O$37-$G$37)/($O$10-$G$10)=L37+($O$37-$G$37)/($O$10-$G$10)=M37+($O$37-$G$37)/($O$10-$G$10)='Input data'!$C$53=$O$37+('Input data'!$C$55-'Input data'!$C$53)/20*('Baseline NFPC'!P$10-2033)=$O$37+('Input data'!$C$55-'Input data'!$C$53)/20*('Baseline NFPC'!Q$10-2033)=$O$37+('Input data'!$C$55-'Input data'!$C$53)/20*('Baseline NFPC'!R$10-2033)=$O$37+('Input data'!$C$55-'Input data'!$C$53)/20*('Baseline NFPC'!S$10-2033)=$O$37+('Input data'!$C$55-'Input data'!$C$53)/20*('Baseline NFPC'!T$10-2033)=$O$37+('Input data'!$C$55-'Input data'!$C$53)/20*('Baseline NFPC'!U$10-2033)=$O$37+('Input data'!$C$55-'Input data'!$C$53)/20*('Baseline NFPC'!V$10-2033)=$O$37+('Input data'!$C$55-'Input data'!$C$53)/20*('Baseline NFPC'!W$10-2033)
Share of long-term debt that matures every year0.082144580.099677690.117224980.07480801=IF(OR($C$3="EL",$C$3="CY",$C$3="IE",$C$3="PT"),VLOOKUP($C$3,$B$110:$T$114,MATCH(G$10,$B$110:$T$110,0),0),$F$38+('Input data'!$C$59-$F$38)/($O$10-$F$10)*(G10-$F$10))=IF(OR($C$3="EL",$C$3="CY",$C$3="IE",$C$3="PT"),VLOOKUP($C$3,$B$110:$T$114,MATCH(H$10,$B$110:$T$110,0),0),$F$38+('Input data'!$C$59-$F$38)/($O$10-$F$10)*(H10-$F$10))=IF(OR($C$3="EL",$C$3="CY",$C$3="IE",$C$3="PT"),VLOOKUP($C$3,$B$110:$T$114,MATCH(I$10,$B$110:$T$110,0),0),$F$38+('Input data'!$C$59-$F$38)/($O$10-$F$10)*(I10-$F$10))=IF(OR($C$3="EL",$C$3="CY",$C$3="IE",$C$3="PT"),VLOOKUP($C$3,$B$110:$T$114,MATCH(J$10,$B$110:$T$110,0),0),$F$38+('Input data'!$C$59-$F$38)/($O$10-$F$10)*(J10-$F$10))=IF(OR($C$3="EL",$C$3="CY",$C$3="IE",$C$3="PT"),VLOOKUP($C$3,$B$110:$T$114,MATCH(K$10,$B$110:$T$110,0),0),$F$38+('Input data'!$C$59-$F$38)/($O$10-$F$10)*(K10-$F$10))=IF(OR($C$3="EL",$C$3="CY",$C$3="IE",$C$3="PT"),VLOOKUP($C$3,$B$110:$T$114,MATCH(L$10,$B$110:$T$110,0),0),$F$38+('Input data'!$C$59-$F$38)/($O$10-$F$10)*(L10-$F$10))=IF(OR($C$3="EL",$C$3="CY",$C$3="IE",$C$3="PT"),VLOOKUP($C$3,$B$110:$T$114,MATCH(M$10,$B$110:$T$110,0),0),$F$38+('Input data'!$C$59-$F$38)/($O$10-$F$10)*(M10-$F$10))=IF(OR($C$3="EL",$C$3="CY",$C$3="IE",$C$3="PT"),VLOOKUP($C$3,$B$110:$T$114,MATCH(N$10,$B$110:$T$110,0),0),$F$38+('Input data'!$C$59-$F$38)/($O$10-$F$10)*(N10-$F$10))=IF(OR($C$3="EL",$C$3="CY",$C$3="IE",$C$3="PT"),VLOOKUP($C$3,$B$110:$T$114,MATCH(O$10,$B$110:$T$110,0),0),'Input data'!$C$59)=IF(OR($C$3="EL",$C$3="CY",$C$3="IE",$C$3="PT"),VLOOKUP($C$3,$B$110:$T$114,MATCH(P$10,$B$110:$T$110,0),0),'Input data'!$C$59)=IF(OR($C$3="EL",$C$3="CY",$C$3="IE",$C$3="PT"),VLOOKUP($C$3,$B$110:$T$114,MATCH(Q$10,$B$110:$T$110,0),0),'Input data'!$C$59)=IF(OR($C$3="EL",$C$3="CY",$C$3="IE",$C$3="PT"),VLOOKUP($C$3,$B$110:$T$114,MATCH(R$10,$B$110:$T$110,0),0),'Input data'!$C$59)=IF(OR($C$3="EL",$C$3="CY",$C$3="IE",$C$3="PT"),VLOOKUP($C$3,$B$110:$T$114,MATCH(S$10,$B$110:$T$110,0),0),'Input data'!$C$59)=IF(OR($C$3="EL",$C$3="CY",$C$3="IE",$C$3="PT"),VLOOKUP($C$3,$B$110:$T$114,MATCH(T$10,$B$110:$T$110,0),0),'Input data'!$C$59)=IF(OR($C$3="EL",$C$3="CY",$C$3="IE",$C$3="PT"),VLOOKUP($C$3,$B$110:$W$114,MATCH(U$10,$B$110:$W$110,0),0),'Input data'!$C$59)=IF(OR($C$3="EL",$C$3="CY",$C$3="IE",$C$3="PT"),VLOOKUP($C$3,$B$110:$W$114,MATCH(V$10,$B$110:$W$110,0),0),'Input data'!$C$59)=IF(OR($C$3="EL",$C$3="CY",$C$3="IE",$C$3="PT"),VLOOKUP($C$3,$B$110:$W$114,MATCH(W$10,$B$110:$W$110,0),0),'Input data'!$C$59)

Coloanele sunt separate în sursă; anteturile nu sunt confirmate.

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Coloana 1Coloana 2Coloana 3Coloana 4Coloana 5Coloana 6Coloana 7Coloana 8Coloana 9Coloana 10Coloana 11Coloana 12Coloana 13Coloana 14Coloana 15Coloana 16Coloana 17Coloana 18Coloana 19Coloana 20Coloana 21Coloana 22Coloana 23Coloana 24Coloana 25Coloana 26Coloana 27Coloana 28Coloana 29Coloana 30Coloana 31Coloana 32Coloana 33Coloana 34Coloana 35Coloana 36Coloana 37Coloana 38Coloana 39Coloana 40Coloana 41Coloana 42Coloana 43Coloana 44Coloana 45Coloana 46Coloana 47Coloana 48Coloana 49Coloana 50Coloana 51
Inflation and exchange rate
GDP deflator (national currency)='Input data'!C42='Input data'!D42='Input data'!E42='Input data'!F42='Input data'!G42=$G$41+($O$41-$G$41)/($O$10-$G$10)*(H10-$G$10)=$G$41+($O$41-$G$41)/($O$10-$G$10)*(I10-$G$10)=$G$41+($O$41-$G$41)/($O$10-$G$10)*(J10-$G$10)=$G$41+($O$41-$G$41)/($O$10-$G$10)*(K10-$G$10)=$G$41+($O$41-$G$41)/($O$10-$G$10)*(L10-$G$10)=$G$41+($O$41-$G$41)/($O$10-$G$10)*(M10-$G$10)=$G$41+($O$41-$G$41)/($O$10-$G$10)*(N10-$G$10)='Input data'!$C$61=$O$41+('Input data'!$C$62-'Input data'!$C$61)/20*(P$10-2033)=$O$41+('Input data'!$C$62-'Input data'!$C$61)/20*(Q$10-2033)=$O$41+('Input data'!$C$62-'Input data'!$C$61)/20*(R$10-2033)=$O$41+('Input data'!$C$62-'Input data'!$C$61)/20*(S$10-2033)=$O$41+('Input data'!$C$62-'Input data'!$C$61)/20*(T$10-2033)=$O$41+('Input data'!$C$62-'Input data'!$C$61)/20*(U$10-2033)=$O$41+('Input data'!$C$62-'Input data'!$C$61)/20*(V$10-2033)=$O$41+('Input data'!$C$62-'Input data'!$C$61)/20*(W$10-2033)
Exchange rate composite change (weighted by share of debt in each currency)1.0076531.0120540.99959051.0043471.0005061111111111111111

Coloanele sunt separate în sursă; anteturile nu sunt confirmate.

	Intermediate calculations (growth rate equation)																																																	
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Coloana 1Coloana 2Coloana 3Coloana 4Coloana 5Coloana 6Coloana 7Coloana 8Coloana 9Coloana 10Coloana 11Coloana 12Coloana 13Coloana 14Coloana 15Coloana 16Coloana 17Coloana 18Coloana 19Coloana 20Coloana 21Coloana 22Coloana 23Coloana 24Coloana 25Coloana 26Coloana 27Coloana 28Coloana 29Coloana 30Coloana 31Coloana 32Coloana 33Coloana 34Coloana 35Coloana 36Coloana 37Coloana 38Coloana 39Coloana 40Coloana 41Coloana 42Coloana 43Coloana 44Coloana 45Coloana 46Coloana 47Coloana 48Coloana 49Coloana 50Coloana 51
Fiscal multiplier='Input data'!C49
Budget balance semi-elasticity='Input data'!C50

Coloanele sunt separate în sursă; anteturile nu sunt confirmate.

	Auxiliary variable to control the closure of the output gap		=IF(AND(ABS((D12-C12)-('Input data'!D13-'Input data'!C13))>0.0001,ABS(D12-C12)>0.0001,D$10>$C$5),4,IF(C49=4,3,IF(C49=3,2,IF(C49=2,1,0))))	=IF(AND(ABS((E12-D12)-('Input data'!E13-'Input data'!D13))>0.0001,ABS(E12-D12)>0.0001,E$10>$C$5),4,IF(D49=4,3,IF(D49=3,2,IF(D49=2,1,0))))	=IF(AND(ABS((F12-E12)-('Input data'!F13-'Input data'!E13))>0.0001,ABS(F12-E12)>0.0001,F$10>$C$5),4,IF(E49=4,3,IF(E49=3,2,IF(E49=2,1,0))))	=IF(AND(ABS((G12-F12)-('Input data'!G13-'Input data'!F13))>0.0001,ABS(G12-F12)>0.0001,G$10>$C$5),4,IF(F49=4,3,IF(F49=3,2,IF(F49=2,1,0))))	=IF(AND(ABS((H12-G12)-('Input data'!H13-'Input data'!G13))>0.0001,ABS(H12-G12)>0.0001,H$10>$C$5),4,IF(G49=4,3,IF(G49=3,2,IF(G49=2,1,0))))	=IF(AND(ABS((I12-H12)-('Input data'!I13-'Input data'!H13))>0.0001,ABS(I12-H12)>0.0001,I$10>$C$5),4,IF(H49=4,3,IF(H49=3,2,IF(H49=2,1,0))))	=IF(AND(ABS((J12-I12)-('Input data'!J13-'Input data'!I13))>0.0001,ABS(J12-I12)>0.0001,J$10>$C$5),4,IF(I49=4,3,IF(I49=3,2,IF(I49=2,1,0))))	=IF(AND(ABS((K12-J12)-('Input data'!K13-'Input data'!J13))>0.0001,ABS(K12-J12)>0.0001,K$10>$C$5),4,IF(J49=4,3,IF(J49=3,2,IF(J49=2,1,0))))	=IF(AND(ABS((L12-K12)-('Input data'!L13-'Input data'!K13))>0.0001,ABS(L12-K12)>0.0001,L$10>$C$5),4,IF(K49=4,3,IF(K49=3,2,IF(K49=2,1,0))))	=IF(AND(ABS((M12-L12)-('Input data'!M13-'Input data'!L13))>0.0001,ABS(M12-L12)>0.0001,M$10>$C$5),4,IF(L49=4,3,IF(L49=3,2,IF(L49=2,1,0))))	=IF(AND(ABS((N12-M12)-('Input data'!N13-'Input data'!M13))>0.0001,ABS(N12-M12)>0.0001,N$10>$C$5),4,IF(M49=4,3,IF(M49=3,2,IF(M49=2,1,0))))	=IF(AND(ABS((O12-N12)-('Input data'!O13-'Input data'!N13))>0.0001,ABS(O12-N12)>0.0001,O$10>$C$5),4,IF(N49=4,3,IF(N49=3,2,IF(N49=2,1,0))))	=IF(AND(ABS((P12-O12)-('Input data'!P13-'Input data'!O13))>0.0001,ABS(P12-O12)>0.0001,P$10>$C$5),4,IF(O49=4,3,IF(O49=3,2,IF(O49=2,1,0))))	=IF(AND(ABS((Q12-P12)-('Input data'!Q13-'Input data'!P13))>0.0001,ABS(Q12-P12)>0.0001,Q$10>$C$5),4,IF(P49=4,3,IF(P49=3,2,IF(P49=2,1,0))))	=IF(AND(ABS((R12-Q12)-('Input data'!R13-'Input data'!Q13))>0.0001,ABS(R12-Q12)>0.0001,R$10>$C$5),4,IF(Q49=4,3,IF(Q49=3,2,IF(Q49=2,1,0))))	=IF(AND(ABS((S12-R12)-('Input data'!S13-'Input data'!R13))>0.0001,ABS(S12-R12)>0.0001,S$10>$C$5),4,IF(R49=4,3,IF(R49=3,2,IF(R49=2,1,0))))	=IF(AND(ABS((T12-S12)-('Input data'!T13-'Input data'!S13))>0.0001,ABS(T12-S12)>0.0001,T$10>$C$5),4,IF(S49=4,3,IF(S49=3,2,IF(S49=2,1,0))))	=IF(AND(ABS((U12-T12)-('Input data'!U13-'Input data'!T13))>0.0001,ABS(U12-T12)>0.0001,U$10>$C$5),4,IF(T49=4,3,IF(T49=3,2,IF(T49=2,1,0))))	=IF(AND(ABS((V12-U12)-('Input data'!V13-'Input data'!U13))>0.0001,ABS(V12-U12)>0.0001,V$10>$C$5),4,IF(U49=4,3,IF(U49=3,2,IF(U49=2,1,0))))	=IF(AND(ABS((W12-V12)-('Input data'!W13-'Input data'!V13))>0.0001,ABS(W12-V12)>0.0001,W$10>$C$5),4,IF(V49=4,3,IF(V49=3,2,IF(V49=2,1,0))))																												

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