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in the keywords:  fiscal policy, cyclical component of revenues, cyclically-adjusted budgetbalance (CAB)
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The purpose of the article is to evaluate the impact of the 2013 modification ofthe method of estimating the CAB structural balance on the size of the cyclicalcomponent of public revenues of the Visegrad Group States. The article using theparameters of sensitivity and semi-elasticity identified differences in responseof public revenues to GDP and its cyclic change in the analyzed countries. Theestimations were carried out with regard to the share of specific types of publicrevenues in total revenues between 2004–2013. The research indicates that thechange in methodology slightly affected the size of the CAB in the analyzedcountries, but significantly affected the cyclical component of revenues. The newmethod is nearer to the concept of structural balance, but not without limitations.The issue has important practical significance, since in terms of the new EU fiscalsurveillance structural balance is the primary criterion for assessing fiscal policyof Member States
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