Austrian Public Debt Reaches New High

Politics ♦ 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: ©

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…