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Austria's Budget Deficit is Lower than Expected
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Published: February 17, 2011; 02:49 ♦ (Vindobona)
The preliminary budget outcome for 2010 is 0.6% better than forecast. However, the results of the ÖBB could increase the deficit again.
Austria's Budget Deficit is Lower than Expected / Picture: © Flickr / The Austrian Foreign Ministry
Austria has managed to overcome the crisis better than other countries, said the State Secretary for Finance, Reinhold Lopatka, to the Budget Committee of Parliament yesterday. The preliminary 2010 results, including detailed budget figures for the fourth quarter were discussed here.
"The revenue of 2010, at € 59.4 bn was € 1.8 bn better than expected, expenditure at € 67.2…
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