IDEAS home Printed from https://ideas.repec.org/a/wfo/wquart/y2012i3p187-206.html
   My bibliography  Save this article

Between Consolidation and Growth: Federal Financial Framework 2013-2016, "Consolidation Package II" and Stability Programme

Author

Listed:
  • Margit Schratzenstaller

Abstract

The government debt ratio in Austria will rise above 74 percent of GDP in 2012. The quantifiable costs of the financial market crisis and the global recession account for nearly 7¾ percentage points of this ratio, further discretionary measures and statistical revisions for the last few years add nearly 6 percentage points. The "consolidation package" adopted in spring 2012 is to ensure a balanced general government budget (according to the Maastricht definition) by 2016. In addition, it is intended to reduce the structural deficit to 0.4 percent of GDP and the debt ratio to 70.6 percent of GDP.

Suggested Citation

  • Margit Schratzenstaller, 2012. "Between Consolidation and Growth: Federal Financial Framework 2013-2016, "Consolidation Package II" and Stability Programme," Austrian Economic Quarterly, WIFO, vol. 17(3), pages 187-206, September.
    • Handle: RePEc:wfo:wquart:y:2012:i:3:p:187-206
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/45358
    File Function: abstract
    Download Restriction: Payment required
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Hans Pitlik & Margit Schratzenstaller, 2009. "Finanzmarktkrise und öffentliche Haushalte," WIFO Monatsberichte (monthly reports), WIFO, vol. 82(12), pages 961-966, December.
    2. Peter Biwald & Helfried Bauer & Karoline Mitterer & Johann Bröthaler & Michael Getzner & Margit Schratzenstaller, 2010. "Grundlegende Reform des Finanzausgleichs. Transfers und Kostentragung," WIFO Studies, WIFO, number 41361, February.
    3. Johann Bröthaler & Michael Getzner & Hans Pitlik & Margit Schratzenstaller & Peter Biwald & Helfried Bauer & Ulrich Schuh & Ludwig Strohner, 2010. "Grundlegende Reform des Finanzausgleichs. Reformoptionen und Reformstrategien," WIFO Studies, WIFO, number 41360, February.
    4. Karl Aiginger & Michael Böheim & Kristina Budimir & Norbert Gruber & Hans Pitlik & Margit Schratzenstaller & Ewald Walterskirchen, 2010. "Optionen zur Konsolidierung der öffentlichen Haushalte in Österreich," WIFO Studies, WIFO, number 38441, February.
    5. Margit Schratzenstaller, 2011. "Draft Federal Budget for 2011 Takes First Steps Towards Consolidation," Austrian Economic Quarterly, WIFO, vol. 16(1), pages 35-56, March.
    6. Hans Pitlik & Margit Schratzenstaller, 2010. "The Financial Market Crisis and Budget Policy," Austrian Economic Quarterly, WIFO, vol. 15(1), pages 103-108, April.
    7. Douglas Sutherland & Peter Hoeller & Rossana Merola, 2012. "Fiscal Consolidation: How Much, How Fast and by What Means?," OECD Economic Policy Papers 1, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Margit Schratzenstaller, 2016. "Fiscal Policy Facing Major Challenges with Tax Reform, Need for Growth-Enhancing Investment and Consolidation Targets. Federal Fiscal Framework 2016-2019 and Draft Federal Budget 2016," WIFO Bulletin, WIFO, vol. 21(2), pages 12-29, February.
    2. Karl Aiginger & Stefan Ederer & Margit Schratzenstaller, 2012. "Welfare, Wealth and Work for Europe – WWWforEurope: A New Development Strategy for Europe. Objective, Research Design and Project Consortium," Austrian Economic Quarterly, WIFO, vol. 17(3), pages 224-230, November.
    3. Margit Schratzenstaller, 2015. "Short- and Medium-Term Prospects of Fiscal Policy. Draft Federal Budget 2014-15 and Federal Medium-Term Expenditure Framework 2015-2018," WIFO Bulletin, WIFO, vol. 20(3), pages 31-46, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Michael Klien & Hans Pitlik & Matthias Firgo & Ulrike Famira-Mühlberger, 2020. "Ein Modell für einen strukturierten vertikalen Finanzausgleich in Österreich," WIFO Studies, WIFO, number 65854, February.
    2. Karl Aiginger & Hans Pitlik & Margit Schratzenstaller, 2010. "Options for the Consolidation of Public Budgets in Austria," Austrian Economic Quarterly, WIFO, vol. 15(2), pages 184-197, July.
    3. Graf, Nikolaus & Strohner, Ludwig & Koch, Philipp & Thomas, Tobias, 2018. "Effizienzpotenziale im Bereich der Länder und Gemeinden heben: Ergebnisse des EcoAustria Bundesländer-Benchmarking 2018," Policy Notes 28, EcoAustria – Institute for Economic Research.
    4. Margit Schratzenstaller, 2016. "Fiscal Policy Facing Major Challenges with Tax Reform, Need for Growth-Enhancing Investment and Consolidation Targets. Federal Fiscal Framework 2016-2019 and Draft Federal Budget 2016," WIFO Bulletin, WIFO, vol. 21(2), pages 12-29, February.
    5. Ondra Kamenik & Zdenek Tuma & David Vavra & Zuzana Smidova, 2013. "A Simple Fiscal Stress Testing Model: Case Studies of Austrian, Czech and German Economies," OECD Economics Department Working Papers 1074, OECD Publishing.
    6. Alari PaulusBy & Francesco Figari & Holly Sutherland, 2017. "The design of fiscal consolidation measures in the European Union: distributional effects and implications for macro-economic recovery," Oxford Economic Papers, Oxford University Press, vol. 69(3), pages 632-654.
    7. Chuluunbayar, Delgerjargal, 2019. "The US Fiscal Consolidation, its impact and policy implications," MPRA Paper 98223, University Library of Munich, Germany.
    8. Krzysztof Kluza, 2017. "Risk assessment of the local government sector based on the ratio analysis and the DEA method. Evidence from Poland," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 7(3), pages 329-351, December.
    9. Eduardo L. Giménez & Miguel Rodríguez, 2020. "Optimality of Relaxing Revenue-neutral Restrictions in Green Tax Reforms," Hacienda Pública Española / Review of Public Economics, IEF, vol. 233(2), pages 3-24, June.
    10. Bergljot B Barkbu & Jesmin Rahman & Rodrigo O. Valdes, 2012. "Fostering Growth in Europe Now," IMF Staff Discussion Notes 12/07, International Monetary Fund.
    11. Josef Baumgartner & Serguei Kaniovski & Hans Pitlik, 2010. "Gradual Recovery Following Severe Recession. Medium-Term Projections for the Austrian Economy until 2014," Austrian Economic Quarterly, WIFO, vol. 15(1), pages 13-24, February.
    12. Karl Aiginger & Margit Schratzenstaller, 2010. "Budget Consolidation in a Difficult Environment – Ten Guidelines Plus a Preliminary Reality Check," WIFO Working Papers 381, WIFO.
    13. I. Bukina S. & И. Букина С., 2018. "Политика Финансовой Консолидации И Развитие Экономики В Условиях Внешних Шоков // The Policy Of Financial Consolidation And Economic Development In The Face Of External Shocks," Финансы: теория и практика/Finance: Theory and Practice // Finance: Theory and Practice, ФГОБУВО Финансовый университет при Правительстве Российской Федерации // Financial University under The Government of Russian Federation, vol. 22(1), pages 6-21.
    14. Peter A. Schmid, 2013. "The destabilizing effect of company income taxation," Society and Economy, Akadémiai Kiadó, Hungary, vol. 35(3), pages 365-388, September.
    15. Karin Fischer & Rauf Gönenç & Robert Price, 2011. "Austria: Public Sector Inefficiencies Have Become Less Affordable," OECD Economics Department Working Papers 897, OECD Publishing.
    16. Margit Schratzenstaller, 2015. "Short- and Medium-Term Prospects of Fiscal Policy. Draft Federal Budget 2014-15 and Federal Medium-Term Expenditure Framework 2015-2018," WIFO Bulletin, WIFO, vol. 20(3), pages 31-46, February.
    17. Margit Schratzenstaller, 2012. "Zwischen Konsolidierung und Wachstum. Bundesfinanzrahmen 2013-2016, "Konsolidierungspaket II" und Stabilitätsprogramm," WIFO Monatsberichte (monthly reports), WIFO, vol. 85(5), pages 361-380, May.
    18. Caroline Klein & Robert Price & Andreas Wörgötter, 2013. "Improving the Fiscal Framework to Enhance Growth in an Era of Fiscal Consolidation in Slovakia," OECD Economics Department Working Papers 1018, OECD Publishing.
    19. Karl Aiginger, 2012. "Sozialpolitik bei Budgetengpässen und Fiskalpakt," WIFO Working Papers 440, WIFO.
    20. Angelika Knollmayer & Aleksandra Riedl & Maria Antoinette Silgoner, 2015. "The mixed success of EU-IMF adjustment programs in Europe – why Greece was different," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 4, pages 52-70.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wfo:wquart:y:2012:i:3:p:187-206. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Florian Mayr (email available below). General contact details of provider: https://edirc.repec.org/data/wifooat.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.