IDEAS home Printed from https://ideas.repec.org/a/wfo/wquart/y2013i1p49-64.html
   My bibliography  Save this article

The Draft Federal Budget 2013: Consolidation Path Subject to Uncertainties

Author

Listed:
  • Margit Schratzenstaller

Abstract

The draft federal budget for 2013 needs to reconcile a substantial move towards fiscal consolidation with a reinforcement of spending in areas crucial for long-term growth of income and employment. The government debt ratio is expected to peak at 75.4 percent of GDP in 2013 and decline subsequently to below 71 percent by 2016. The government deficit (Maastricht definition) is to be brought below 3 percent of GDP in 2013 in compliance with the recommendation of the Excessive Deficit Procedure for Austria. Public support measures to banks in distress have so far boosted the deficit by a total € 4 billion; an additional € 800 million are provided for in the budget for 2013.

Suggested Citation

  • Margit Schratzenstaller, 2013. "The Draft Federal Budget 2013: Consolidation Path Subject to Uncertainties," Austrian Economic Quarterly, WIFO, vol. 18(1), pages 49-64, May.
    • Handle: RePEc:wfo:wquart:y:2013:i:1:p:49-64
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/46698
    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.

    More about this item

    Statistics

    Access and download statistics

    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:2013:i:1:p:49-64. 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.

    We have no bibliographic references for this item. You can help adding them by using 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.