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Medium-Term Budgetary Frameworks - Lessons for Austria from International Experience

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  • Mr. Erik J. Lundback

Abstract

The Austrian government is about to introduce a new fiscal management framework. The first step is to introduce a medium-term budgetary framework, including an expenditure rule. The paper focuses on this first step. The purpose is to describe and evaluate the Austrian model in light of other countries' experiences with their frameworks. An attempt is made to identify features that have proven to be effective elsewhere and that can be applied to the Austrian case. The paper also identifies potential challenges and possible trade-offs when implementing the framework.

Suggested Citation

  • Mr. Erik J. Lundback, 2008. "Medium-Term Budgetary Frameworks - Lessons for Austria from International Experience," IMF Working Papers 2008/163, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2008/163
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    Cited by:

    1. Roberto Fernández Llera & Carlos Monasterio Escudero, 2010. "¿Entre dos o entre todos? Examen y propuestas para la coordinación presupuestaria en España," Hacienda Pública Española / Review of Public Economics, IEF, vol. 195(4), pages 139-163, december.
    2. Dogaru, Tatiana-Camelia & Dumitrescu-Peculea, Adelina, 2016. "Medium-term budgetary framework in the EU Member States: study case," MPRA Paper 94482, University Library of Munich, Germany.
    3. Di Francesco,Michael & Barroso,Rafael Chelles, 2015. "Review of international practices for determining medium-term resource needs of spending agencies," Policy Research Working Paper Series 7289, The World Bank.

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