Sponsored
Article Tools

Austria's Public Debt Ratio Increases to over 80%

Published: March 8, 2011; 00:27 · (Vindobona)

By including again non-active budget items, which are no longer allowed under EU law, debts of the Republic of Austria increase dramatically.

Austria's Public Debt Ratio Increases to over 80% / Picture: © Flickr

The official debt ratio is currently ranked at 72.5%. Because of the new rules of the EU statistics agency Eurostat for measuring the debt ratio, a strong upward correction is expected. The consolidation policy is strongly impeded by the reintegration of items handled previously as off-budget. Only recently, the sale of housing loans for € 400m was not recognized. The amounts due from…

This article includes a total of 190 words.

or Log In

Fast News Search