Austria: Debt Quota to Increase Slightly

Politics ♦ Published: December 3, 2013; 09:36 ♦ (Vindobona)

Because of the new EU regulations the debt quota will increase by around 2.5 percent.

Austria: Debt Quota to Increase Slightly / Picture: © Vindobona.org

In 2013, the debt quota of the Austrian state will remain below 80 percent. Because of the realization of the new EU regulations the debt quota will increase by 2.5 percentage points to 77 percent, according to general manager of Statistik Austria Konrad Pesendorfer. He indicates that there is little likelihood for the debt quota to exeed the 80-percent-level. However, he underlines…