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Austria exceeds the Maastricht GDP reference value by 0.5%

Published: September 30, 2010; 15:32 · (Vindobona)

Public Finances 2009: Public deficit increases to 3.5% due to the economic and financial crisis.

Austria exceeds the Maastricht GDP reference value by 0.5% / Picture: © Flickr

In 2009 public finances in Austria were strongly affected by the economic and financial crisis.

Statistics Austria reports a decrease of revenues and an increase in expenditure.

The most recent data of the public households for the year 2009 show a high increase of the Maastricht deficit in the federal, state and local government sectors. The public Maastricht deficit for the Republic of Austria increased to €9.6 bn (+€8.3 bn) or 3.5% of GDP (in comparison to 2008: Maastricht deficit €1.3 bn or 0.5% of GDP) exceeding the Maastricht reference value of 3% of GDP.

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