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Austria: Tax Burden Grows
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: © Flickr
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…
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