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Budget Proposal for 2005: Tax Reform Causes High Public Deficit

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  • Margit Schratzenstaller

    (WIFO)

Abstract

The 2004-05 tax reform and the after-effects of the stimulus packages, which were introduced as a counter-measure to the weak economic growth during the past three years, will increase the overall budget deficit to 1.9 percent of GDP in 2005. Transfer expenditures will gain in weight again. The tax reform will alleviate the tax burden on the mass income, decrease federal tax revenues, and increase the importance of indirect taxes. Due to the divestment strategy pursued in the last years, the share of off-budget institutions in overall public investment, employment, and debt is rising over time. The 2005 budget proposal for the first time provides for first steps of a gender-sensitive analysis of the federal budget.

Suggested Citation

  • Margit Schratzenstaller, 2005. "Budget Proposal for 2005: Tax Reform Causes High Public Deficit," Austrian Economic Quarterly, WIFO, vol. 10(1), pages 23-39, January.
  • Handle: RePEc:wfo:wquart:y:2005:i:1:p:23-39
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    File URL: http://www.wifo.ac.at/wwa/pubid/25431
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    References listed on IDEAS

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    1. Gerhard Lehner & Margit Schratzenstaller, 2003. "Federal Budget 2003-04: Postponing the Goal of a Balanced Budget," WIFO Monatsberichte (monthly reports), WIFO, vol. 76(8), pages 605-621, August.
    2. 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.
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    Cited by:

    1. 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.
    2. 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.

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