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Ôï ¢ ñèñï 104 Ã êáèïñßæåé ôç äéáäéêáóßá ôïõ õðåñâïëéêïý åëëåßììáôïò .
article 104c sets out the excessive deficit procedure .

(2) Ðñïôåñáéüôçôá óôç ìåßùóç ôïõ åëëåßììáôïò ôçò êåíôñéêÞò äéïßêçóçò.
(2) give priority to the reduction in central government deficit.

Ôï åðéêáéñïðïéçìÝíï ðñüãñáììá óýãêëéóçò ðñïâëÝðåé ðåñáéôÝñù ìåßùóç ôïõ äçìïóéïíïìéêïý åëëåßììáôïò ôï 2000 êáé 2001.
the updated convergence programme provides for a further reduction in the government deficit in 2000 and 2001.

Óôá ôåëåõôáßá äýï Ýôç “ ìç êõêëéêïß ” ðáñÜãïíôåò óõíÝâáëáí 151 åðßóçò óôç ìåßùóç ôïõ åëëåßììáôïò .
in the last two years noncyclical factors also contributed to reducing the deficit .

Óôç äéÜñêåéá ôçò äåêáåôßáò ôïõ 1990 ç ðïñåßá ôïõ ëüãïõ åëëåßììáôïò / ÁÅÐ ðáñïõóéÜæåé ðïéêéëßá .
during the 1990s diverse patterns can be observed in the deficit-to-gdp ratio .

Ìüíï ôï 1997 åðáíåìöáíßóôçêå ðñùôïãåíÝò ðëåüíáóìá , ðïõ åß ÷ å ùò áðïôÝëåóìá ôç ìåßùóç ôïõ åëëåßììáôïò .
only in 1997 did a restored primary surplus have a debt-decreasing effect .

Ãé ’ áõôü äåí êñßíåôáé áíáãêáßá ç áíáëõôéêüôåñç åîÝôáóç 188 ôùí åðéäüóåùí ôïõ Ëïõîåìâïýñãïõ áðü ðëåõñÜò ëüãïõ ôïõ åëëåßììáôïò .
against this background , a closer examination of luxembourg s performance in terms of the deficit ratio is not considered necessary .

Ï ðåñéïñéóìüò áõôüò ôïõ åëëåßììáôïò ùò ðïóïóôïý ôïõ ÁÅÐ óõãêñßíåôáé ìå óùñåõôéêÞ ìåßùóç 2,3 åêáôïóôéáßùí ìïíÜäùí ôï 199697 .
this decline in the deficit ratio compares with a cumulative decline of 2.3 percentage points in 1996 and 1997 .

Îåêéíþíôáò áðü 1,5% ôï 1990 , ï ëüãïò ôïõ åëëåßììáôïò Ýöèáóå ôï 2,8% ôï 1993 .
starting from a ratio of 1.5% in 1990 , the deficit reached 2.8% in 1993 ;

Åðßóçò , ðáñïõóéÜæåôáé ç ó ÷ Ýóç ìåôáîý ôïõ ëüãïõ ôïõ åëëåßììáôïò êáé ôùí äáðáíþí äçìüóéùí åðåíäýóåùí ôï 1996 êáé ôï 1997 .
also , the relationship between the deficit ratio and government investment expenditure is reported for 1996 and 1997 .

Áõôü óõãêñßíåôáé ìå ôçí ðñáãìáôïðïßçóç äçìïóéïíïìéêïý åëëåßììáôïò 2,1% ôïõ ÁÅÐ ôï 1997 êáé ìå ðñüâëåøç 1,7% ôï 1998 .
this compares with a recorded fiscal deficit of 2.1% of gdp in 1997 , as well as the forecast deficit of 1.7% in 1998 .

¸ êôïôå , ï ëüãïò ôïõ åëëåßììáôïò áêïëïõèåß ðôùôéêÞ ðïñåßá êáé ôï 1997 âñÝèçêå óôï 2,6% ( âë .
since then , the deficit ratio has been declining , to stand at 2.6% in 1997 ( see chart 3a ) .

3.5 ÊáôáíïìÞ ôïõ åëëåßììáôïò ÂÜóåé ôïõ ´ Áñèñïõ 17.6 ôïõ Êáôáóôáôéêïý ôïõ ÅÍÉ , ôï Ýëëåéììá óõìøçößóôçêå ìå ôï ãåíéêü áðïèåìáôéêü ôïõ ÅÍÉ .
3.5 allocation of deficit pursuant to article 17.6 of the statute of the emi , the deficit has been offset against the general reserve fund of the emi .

Ëüãù ôçò åíôïíüôåñçò ïéêïíïìéêÞò áíÜðôõîçò áðü ôçí ðñïâëåðüìåíç , ï ðñïûðïëïãéóìüò ôïõ 1998 åìöáíßæåé ìåãáëýôåñç ìåßùóç ôïõ ëüãïõ ôïõ åëëåßììáôïò áðü ü , ôé Þôáí ï óôü ÷ ïò ôïõ ðñïãñÜììáôïò .
against the background of stronger economic growth than foreseen , the budget for 1998 shows a larger reduction in the deficit ratio than planned in the programme .

Óå óýãêñéóç ìå ôï ðñïçãïýìåíï Ýôïò , ï ëüãïò ôïõ åëëåßììáôïò ìåéþèçêå êáôÜ 1,1 åêáôïóôéáßá ìïíÜäá êáé ï ëüãïò ôïõ ÷ ñÝïõò áõîÞèçêå êáôÜ 2,3 åêáôïóôéáßåò ìïíÜäåò .
compared with the previous year , the deficit ratio has been reduced by 1.1 percentage points and the debt ratio has increased by 2.3 percentage points .

Áñ ÷ ßæïíôáò áðü 2,4% ôï 1990 , ï ëüãïò ôïõ åëëåßììáôïò áñ ÷ éêÜ âåëôéþèçêå öèÜíïíôáò ôï 2,0% ôï 1992 .
starting from a ratio of 2.4% in 1990 , the deficit first improved to 2.0% in 1992 ; it deteriorated thereafter , reaching a peak of 5.2% of gdp in 1995 .

Áíôßèåôá , ç äéáôÞñçóç ôïõ óõíïëéêïý åëëåßììáôïò ôïõ 1998 , ôï ïðïßï âñßóêåôáé óå åðßðåäï 1,6% ôïõ ÁÅÐ , èá ðáñáôåßíåé áõôÞ ôç äéáäéêáóßá ìÝ ÷ ñé ôï 2005 .
instead , maintaining the 1998 overall deficit of 1.6% of gdp would prolong the process to 2005 .

Ðáñüëï ðïõ ï ëüãïò ôïõ åëëåßììáôïò Ý ÷ åé óçìåéþóåé ïõóéáóôéêÞ êáé óõíå ÷ Þ ðôþóç , äåí Ý ÷ åé ðëçóéÜóåé ôçí ôéìÞ áíáöïñÜò 3 % 99 ôïõ ÁÅÐ ôï 1997 .
although the deficit ratio has declined substantially and continuously , it has not reached a level close to the reference value of 3 % of gdp in 1997 .

Ãéá ôï 1999 ðñïâëÝðåôáé ðåñáéôÝñù âåëôßùóç : ï ëüãïò ôïõ åëëåßììáôïò ó ÷ åäéÜæåôáé íá ðåñéïñéóôåß óôï 2,1% êáé ï ëüãïò ôïõ ÷ ñÝïõò óôï 101 % ôïõ ÁÅÐ .
further improvement is projected in 1999 , when the deficit ratio is planned to reach 2.1% and the debt ratio to stand at 101 % of gdp .