Public finance and fiscal policy

What's New

  • Economic Survey of Austria 2015

    Austria is well on track to meet its structural deficit objectives. On the other hand, public debt has risen strongly over recent years due to state aid provided to rescue troubled banks and the level of public guarantees is the highest of the EU.

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  • Achieving prudent debt targets using fiscal rules

    Debt targets can serve as a fiscal policy anchor to ensure the sustainability of fiscal policy and that there is sufficient policy room to cope with adverse shocks. Prudent debt targets provide the commitment tool that re-assures markets and thereby diminishes risk premia and the cost of active fiscal policy.

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  • Economic Outlook and Interim Global Economic Assessment

    Public debt has risen steeply. Fiscal consolidation should rely more on structural measures and medium-term fiscal framework should be strengthened. Projected increases in ageing-related public expenditures pose additional challenges.

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