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The Financial Market Crisis and Budget Policy


  • Hans Pitlik


  • Margit Schratzenstaller



The high public deficits expected in the coming years can largely be attributed to the budgetary effects of the financial market and economic crisis. Against the backdrop of a long term budget burden through increased debt and a demographically-related increase in expenditures, it is all the more urgent to find a suitable strategy for the rebalancing of the budget once the crisis is over. Potential for a consolidation of the budget can mainly be found in expenditures, while it is limited with respect to revenues.

Suggested Citation

  • Hans Pitlik & Margit Schratzenstaller, 2010. "The Financial Market Crisis and Budget Policy," Austrian Economic Quarterly, WIFO, vol. 15(1), pages 103-108, April.
  • Handle: RePEc:wfo:wquart:y:2010:i:1:p:103-108

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