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Austrian Official Debt Level Rises

Published: December 21, 2010; 21:44 · (Vindobona)

Due to the EU-wide commitment to a more transparent presentation of liabilities, the official debt ratio of Austria will continue to increase.

Austrian Official Debt Level Rises / Picture: © European Commission

Because of the turmoil surrounding the Greek state budget, all EU states are now obliged to present their finances in a more transparent way. This will have major consequences, especially for Austria, as the official national debt continues to rise.

Debts of the federal provinces for financing hospitals must be included as of March 2011 in the Government's financial statements.…

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