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Austrian Public Debt Reaches New High

Published: December 30, 2013; 14:04 · (Vindobona)

The total size of public debt was never before so high. In the next years, the public debt ratio will come close to 80% of GDP.

Austrian Public Debt Reaches New High / Picture: © Flickr

In the third quarter of 2013, Austrian public debt was up substantially. From July to September, public debt rose 3.6%. At the end of September, the public debt ratio has reached 77.7% of GDP. This is the highest quarterly figure in the Austrian history. The figure contains the total debt of the Austrian Federation, the Austrian provinces, the municipalities and the social insurance…

This article includes a total of 702 words.

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