In 2021, general government structural balance for Barbados was -0 billion LCU. Since 2002, general government structural balance of Barbados fluctuated between a low of -1 billion LCU in 2013 and a high of 0 billion LCU in 2019 averaging at -0 between 2002 and 2021.
The description is composed by our digital data assistant.The structural budget balance refers to the general government cyclically adjusted balance adjusted for nonstructural elements beyond the economic cycle. These include temporary financial sector and asset price movements as well as one-off, or temporary, revenue or expenditure items. The cyclically adjusted balance is the fiscal balance adjusted for the effects of the economic cycle; see, for example, A. Fedelino. A. Ivanova and M. Horton "Computing Cyclically Adjusted Balances and Automatic Stabilizers" IMF Technical Guidance Note No. 5, http://www.imf.org/external/pubs/ft/tnm/2009/tnm0905.pdf.
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