Between Consolidation and Growth: Federal Financial Framework 2013-2016, "Consolidation Package II" and Stability Programme
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.
Volume (Year): 17 (2012)
Issue (Month): 3 (September)
|Contact details of provider:|| Postal: |
Phone: (+43 1) 798 26 01-0
Fax: (+43 1) 798 93 86
Web page: http://www.wifo.ac.at/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Douglas Sutherland & Peter Hoeller & Rossana Merola, 2012. "Fiscal Consolidation: How Much, How Fast and by What Means?," OECD Economic Policy Papers 1, OECD Publishing.
- Hans Pitlik & Margit Schratzenstaller, 2009. "Financial Market Crisis and Public Budgets," WIFO Monatsberichte (monthly reports), WIFO, vol. 82(12), pages 961-966, December.
- Margit Schratzenstaller, 2011. "Draft Federal Budget for 2011 Takes First Steps Towards Consolidation," Austrian Economic Quarterly, WIFO, vol. 16(1), pages 35-56, March.
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.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ilse Schulz)
If references are entirely missing, you can add them using this form.