Austria: Tax Burden Grows

Politics ♦ Published: September 21, 2013; 18:33 ♦ (Vindobona)

The Austrian public revenue ratio is significantly above the average tax quota in the Eurozone. The upward trend goes on.

Austria: Tax Burden Grows / Picture: ©

In 2013, the expected Austrian revenue ratio comes at 49% of GDP. This was reported by the EU-Commission and the IMF. In the Eurozone, the public revenues are projected to reach 46.8% of GDP this year. The revenue quota does not only contain explicit taxes, but also social contributions and other revenues. Public expenses are expected to reach 51.7% of GDP this year. In 2008, the ratio…