People

Austria's Budget Deficit is at 4.1%

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…

This article includes a total of 229 words.

or Log In

Fast News Search

Join us to succeed in Vienna! Sign up to read articles for free and to get personalized updates on the events that interest you.

Austria's Budget Deficit is at 4.1%

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

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.