The plans confirm the objective of a balanced budget in the medium term but do not exploit the improvement in the projections to hasten its attainment. BIS Review 92/2007  5  For 2008 the Document does not envisage a correction with respect to the balance projected on a current legislation basis.
Last December’s stability programme update planned a correction of 0.7 percentage points of GDP to achieve the same objective (a deficit of 2.2 per cent). About half the corrective measures needed to balance the budget are put off to the last year of the planning horizon.