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A New Revenue Sharing Act and a New Stability Pact for Austria – No Fundamental Changes

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  • Margit Schratzenstaller

    (WIFO)

Abstract

The new Austrian domestic Stability Pact aims at the achievement of a zero deficit until 2008. At the federal level, the Maastricht-relevant deficit is to be reduced to 0.75 percent of GDP, states and municipalities together are obliged to obtain a surplus of 0.75 percent of GDP in 2008. The new revenue sharing agreement will not change fiscal relations fundamentally. The weight of shared federal taxes will increase; most of them will be distributed according to uniform revenue shares. The revenues of the smallest municipalities from the horizontal apportionment of shared federal taxes will increase. The states' strong dependency on intergovernmental transfers will not be reduced, the tax autonomy of the subnational levels of government will remain low.

Suggested Citation

  • Margit Schratzenstaller, 2005. "A New Revenue Sharing Act and a New Stability Pact for Austria – No Fundamental Changes," Austrian Economic Quarterly, WIFO, vol. 10(1), pages 12-22, January.
  • Handle: RePEc:wfo:wquart:y:2005:i:1:p:12-22
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    References listed on IDEAS

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    1. Margit Schratzenstaller, 2005. "Budget Proposal for 2005: Tax Reform Causes High Public Deficit," Austrian Economic Quarterly, WIFO, vol. 10(1), pages 23-39, January.
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    Cited by:

    1. International Monetary Fund, 2008. "Austria; Selected Issues," IMF Staff Country Reports 08/189, International Monetary Fund.
    2. Roberto Fernández Llera & Carlos Monasterio Escudero, 2010. "¿Entre dos o entre todos? Examen y propuestas para la coordinación presupuestaria en España," Hacienda Pública Española, IEF, vol. 195(4), pages 139-163, december.
    3. International Monetary Fund, 2006. "Bosnia and Herzegovina; Selected Issues," IMF Staff Country Reports 06/368, International Monetary Fund.
    4. Margit Schratzenstaller, 2005. "The Draft Federal Budget for 2006: Key Features and Trends in a Longer-Term Perspective," Austrian Economic Quarterly, WIFO, vol. 10(2), pages 66-81, June.
    5. Breuss, Fritz & Roeger, Werner, 2005. "The SGP fiscal rule in the case of sluggish growth: Simulations with the QUEST model," Journal of Policy Modeling, Elsevier, vol. 27(7), pages 767-788, October.
    6. Margit Schratzenstaller, 2005. "Budget Proposal for 2005: Tax Reform Causes High Public Deficit," Austrian Economic Quarterly, WIFO, vol. 10(1), pages 23-39, January.
    7. Erik J. Lundback, 2008. "Medium-Term Budgetary Frameworks - Lessons for Austria from International Experience," IMF Working Papers 08/163, International Monetary Fund.

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