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Austria's Budget Planning in Line with EU Rules
In its assessment of the budget planning of the euro states, the European Commission has established that Austria fulfils the requirements of the EU Stability and Growth Pact in its budget planning for 2020.
Commission Vice-President Valdis Dombrovskis, responsible for the euro and the social dialogue as well as for financial stability, financial services and the capital market union, is satisfied with Austria's budgetary behaviour. / Picture: © European Union and Austrian crossed flags by Vindobona
The Austrian authorities expect a budget surplus of 0.3% of GDP this year and a deficit of 0.1% in 2020.
They are therefore somewhat more pessimistic than the Commission in its autumn forecast: EU economists expect a budget surplus of 0.4% this year and 0.2% next year.
The Considerations concerning Austria in detail:
Austria is subject to the preventive arm of…
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