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…

or Log In

Fast News Search
Related News
"Austria Does Not Deserve an AAA Rating" (January 28, 2011)
Budget-saving Measures in Austria are Insufficient (January 25, 2011)
Austria's AAA Credit Rating Confirmed (January 20, 2011)
Reform Backlog Prevents Austria Being a Success Model (January 18, 2011)
Treichl: Massive Criticism on Austrian Government (January 15, 2011)
Massive Rise of Debt in the Public Sector (December 31, 2010)
Read More
Public Debt, BMF - Federal Ministry of Finance - Bundesministerium für Finanzen, Josef Proell, WIFO Austrian Institute of Economic Research, Taxation, Budget Deficit, Public Revenues, OEBB Austrian Railways
Featured
How the People’s Republic of China Leverages Its Membership in Multilateral Organizations to Advance Its Geopolitical Interests
How China's Global Infrastructure Strategy Undermines European Integration in the Western Balkans and Beyond
See latest Vindobona Newsletter