Translation of "Taux net de rentabilité de première année " (French → English) :

But, since 1996, asylum seekers receive lower social assistance rates during their first three years after their asylum application.

- Net replacement ratios in the first as well as after 5 years (OECD)

The Commission estimates in its impact assessment that, assuming all the manufacturers would use the full percentage of flexibility in the first year, the emissions would increase for the first year by around 0.3% should the flexibility be increased from 20% to 50%.

23. Invites the Commission and the Member States to exploit all margins of flexibility existing within the preventive arm of the Stability and Growth Pact (SGP) to balance productive and sustainable public investment needs with fiscal discipline objectives; considers that this could be done, for example, by excluding the aggregate volumes of national co-financing under the European Structural and Investment Funds from the limits imposed by the Stability and Growth Pact, by basing calculations for the purposes of the Pact on a Member State’s net cash requirements, as opposed to gross requirements, that is to say, net of the taxes payable ...[+++] on real expenditure (most importantly VAT), or by phasing the two sources of programme financing (European and national) according to different timetables, so that the funding would be wholly European during the first years of a programme and come entirely from national sources during the final years, on the assumption that the individual Member State concerned would, by that point, have managed to achieve tangible results in terms of the policy of containing the debt-to-GDP ratio;