The projected structural balance can be found in Table 1 of the Economic and Fiscal Outlook published in Budget 2019. The relevant part of the table is reproduced below for the Deputy's convenience.
|
2017
|
2018
|
2019
|
2020
|
2021
|
2022
|
2023
|
Structural balance, per cent of GDP
|
0.4
|
-1.0
|
-0.7
|
0.0
|
0.2
|
1.0
|
1.4
|
While slightly outside the 0.5 per cent structural deficit target the European Commission applies a discretionary margin of 1/4 percentage points when assessing achievement of the MTO, given the uncertainty in the estimates of the output gap.
The European Commission's own forecasts, published earlier this month, project a structural deficit of 0.5 per cent of GDP for 2019.