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General government primary balances.

                    General government primary balances
         Surplus (+) or deficit (-) as a percentage of nominal GDP
                                        1983 1984 1985 1986 1987 1988 1989
United States                           -2.8 -1.6 -1.8 -2.0 -1.0 -0.3  0.2
Japan [a,b]                             -1.8 -0.1  1.0  0.7  2.0  2.7  3.6
Germany                                 -0.3  0.4  1.1  1.0  0.4  0.2  2.2
France                                  -1.5 -1.0 -0.9 -0.7  0.2  0.3  0.9
Italy                                   -3.6 -4.0 -5.1 -3.8 -3.8 -3.3 -1.6
United Kingdom                          -0.2 -0.6  0.5  0.6  1.2  3.3  3.4
Canada                                  -3.9 -3.0 -3.3 -1.7  0.0  1.2  1.4
Total of above countries                -2.2 -1.3 -1.1 -1.1 -0.2  0.4  1.2
Australia                               -3.0 -2.4 -1.9 -0.7  1.2  2.7  3.0
Austria                                 -1.8  0.0  0.2 -1.0 -1.4 -0.2  0.0
Belgium                                 -3.0 -0.6  0.5  0.8  2.0  2.4  3.3
Denmark                                   ..   ..   ..   ..   ..  5.8  4.3
Finland                                  1.1  3.1  2.8  2.7  0.4  3.1  4.9
Greece                                  -3.4 -3.8 -5.9 -4.4 -2.8 -4.2 -6.9
Iceland                                   ..   ..   ..   .. -0.5 -0.8 -3.1
Ireland [a]                             -5.0 -2.8 -3.4 -3.3 -1.2  2.3  4.6
Korea                                    1.8  1.7  1.3  1.8  2.8  3.7  3.4
Netherlands                             -2.5 -2.0  0.3 -1.2 -2.0 -0.5 -1.2
New Zealand [a]                           ..   ..   .. -2.0  1.8 -1.5  0.2
Norway                                   5.8  6.0  8.7  4.2  2.8 -0.5 -1.3
Portugal                                -4.6  0.2  0.9  2.2  2.2  3.4  3.8
Spain                                   -4.6 -4.3 -4.8 -3.4 -0.5 -0.7 -0.3
Sweden                                  -3.0 -0.5 -0.8  1.0  5.8  4.3  5.7
Total of above smaller countries        -1.9 -1.0 -0.8 -0.4  0.9  1.5  1.6
Total of above OECD countries           -2.1 -1.2 -1.0 -1.0 -0.1  0.6  1.3
Memorandum items
Total of above European Union countries -1.9 -1.4 -1.2 -0.8 -0.3  0.3  1.2
Euro area                               -1.9 -1.3 -1.2 -0.9 -0.7 -0.4  0.8
                                        1990 1991 1992  1993 1994 1995 1996
United States                           -0.8 -1.3 -2.2  -1.4 -0.2  0.6  1.3
Japan [a,b]                              3.7  3.4  2.1  -0.9 -2.3 -3.1 -3.5
Germany                                 -0.1 -1.0  0.0  -0.7  0.2  0.0 -0.3
France                                   0.7  0.2 -1.5  -3.0 -2.5 -2.4 -0.7
Italy                                   -2.2 -0.4  1.4   2.1  1.4  3.0  3.5
United Kingdom                           0.8 -0.7 -4.5  -5.8 -4.2 -2.8 -1.5
Canada                                   0.7 -2.0 -2.9  -2.7 -0.6  1.3  3.4
Total of above countries                 0.3 -0.2 -1.1  -1.5 -0.9 -0.4  0.2
Australia                                1.4 -1.5 -3.1  -3.2 -1.1 -0.4  0.7
Austria                                  0.8  0.6  1.5  -0.5 -1.5 -1.5  0.0
Belgium                                  4.2  3.0  2.9   2.7  4.5  4.4  5.0
Denmark                                  2.7  1.5  0.9   0.6  0.8  0.8  1.8
Finland                                  3.7 -3.0 -7.5  -7.5 -4.7 -3.4 -1.4
Greece                                  -6.1 -2.2 -1.3  -1.1  3.9  2.6  4.6
Iceland                                 -1.4 -1.2 -0.9  -2.4 -2.5 -0.4  0.6
Ireland [a]                              3.4  2.8  2.2   2.1  2.6  1.7  3.0
Korea                                    3.4  1.6  1.0   2.3  2.9  4.1  3.6
Netherlands                             -1.6  1.1  0.0   0.8  0.2  0.6  2.9
New Zealand [a]                         -0.5 -0.8 -0.3   1.8  4.3  4.6  3.8
Norway                                  -0.6 -3.1 -4.7  -3.9 -1.4  1.7  5.0
Portugal                                 3.0  1.8  4.2   0.1  0.2  0.6  1.5
Spain                                   -1.1 -1.6 -0.7  -3.0 -2.3 -2.4 -0.2
Sweden                                   4.2 -1.0 -7.2 -10.8 -9.0 -5.2 -0.2
Total of above smaller countries         1.1  0.0 -0.6  -1.1 -0.1  0.5  1.9
Total of above OECD countries            0.4 -0.2 -1.0  -1.4 -0.7 -0.2  0.5
Memorandum items
Total of above European Union countries  0.0 -0.4 -0.8  -1.7 -1.0 -0.5  0.6
Euro area                               -0.2 -0.3  0.0  -0.8 -0.4 -0.1  0.7
                                                  Estimates and
                                                   projections
                                        1997 1998     1999      2000 2001
United States                            2.4  3.5      3.8       3.4  3.2
Japan [a,b]                             -2.4 -4.8     -6.3      -6.5 -5.8
Germany                                  0.5  1.3      1.5       1.8  2.4
France                                   0.3  0.4      0.8       1.2  1.6
Italy                                    6.2  4.8      4.6       4.8  4.7
United Kingdom                           0.9  3.0      3.5       3.6  3.7
Canada                                   5.6  5.9      6.4       6.3  6.0
Total of above countries                 1.5  1.7      1.7       1.5  1.6
Australia                                2.1  2.7      2.6       2.2  2.2
Austria                                  1.6  1.3      1.4       0.9  1.1
Belgium                                  5.6  6.2      6.0       5.8  5.9
Denmark                                  2.9  3.3      4.9       4.0  4.2
Finland                                  0.4  3.2      4.5       5.5  5.9
Greece                                   5.7  6.4      7.1       6.3  6.3
Iceland                                  2.1  2.9      2.8       3.0  2.9
Ireland [a]                              3.8  4.6      5.3       5.2  5.2
Korea                                    1.8 -0.4     -0.4       0.1  0.6
Netherlands                              3.2  3.4      3.3       3.3  3.1
New Zealand [a]                          2.7  1.7     -0.1       0.5  0.7
Norway                                   6.4  2.6      3.8       5.1  5.5
Portugal                                 1.8  1.2      1.4       1.5  1.7
Spain                                    1.3  1.7      2.1       2.0  2.1
Sweden                                   1.4  4.9      5.2       4.5  4.5
Total of above smaller countries         2.5  2.4      2.6       2.6  2.8
Total of above OECD countries            1.7  1.8      1.8       1.7  1.8
Memorandum items
Total of above European Union countries  2.0  2.5      2.7       2.9  3.1
Euro area                                2.0  2.2      2.3       2.6  2.8


Note: For further details see "Sources and Methods" (http://www.oecd.org/eco/out/source.htm).

(a.)Where net interest payments are not available, net property income paid is used as a proxy.

(b.)The 1998 outlays would have risen by 5.4 percentage points of GDP if account were taken of the assumption by the central government of the debt of the Japan Railway Settlement Corporation and the National Forest Special Account.
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Publication:OECD Economic Outlook
Article Type:Statistical Data Included
Geographic Code:00WOR
Date:Dec 1, 1999
Words:1269
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