Austrian Government Debt Grew to € 210bn

Politics ♦ Published: June 30, 2011; 11:33 ♦ (Vindobona)

Debt of the federal sector increased by € 6.3bn, while all other sectors registered a decline. Social insurance carriers’ debt fell by 32%.

Austrian Government Debt Grew to € 210bn / Picture: © Vindobona.org

According to latest calculations by Statistics Austria, government debt amounted to € 210.3bn or 72.8% of GDP on 31 March 2011. Government debt thereby is € 16.8bn higher than in the first quarter of 2010, which corresponds to a rise of 2.5 percentage points of GDP. Regarding finance instruments, € 176.6bn of government debt were securities other than shares, whereas € 33.7bn…

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