Austria's Budget Deficit is at 4.1%

People ♦ Published: February 1, 2011; 00:50 ♦ (Vindobona)

Although the budget deficit is lower than expected, but the official national debt could increase considerably due to the ÖBB.

Austria's Budget Deficit is at 4.1% / Picture: © Wikipedia / Tsui

Last year, the Austrian Federal Government planned a budget deficit of 4.7%. It has ultimately become 4.1%. Although this figure is clearly above the Maastricht ceiling of 3.0%, the Minister of Finance, Josef Pröll, shows himself pleased.

The improved situation is due to higher tax revenues for € 1.4bn, to which have contributed primarily income tax (€ 768m), capital gains…

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