Austria: Budget Deficit Lower than Anticipated
Politics ♦
Published: February 1, 2013; 14:27 ♦ (Vindobona)
The Austrian federal government's administrative deficit during 2012 was approx. € 7bn. Relative to the budgeted figure of approx. € 11.1bn, this represents a savings of approx. € 4.2bn.
Austria: Budget Deficit Lower than Anticipated / Picture: © Vindobona.org
Federal government expenditures during 2012 were € 72.9bn, thus € 3.6bn lower than planned, whilst revenues were € 0.6bn higher than anticipated, totalling € 65.9bn.
The reason for these favourable preliminary administrative results for 2012 is to be found, first of all, in the stronger performance of the Austrian job market, which had impacts both on the expenditure and…
or Log In
Fast News Search