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Budget Deficit Lower Than Forecasted
The Austrian budget deficit in 2011 reached 3.3%. Initially, the figure was expected to amount to 3.9%.
Budget Deficit Lower Than Forecasted / Picture: © Vindobona.org
According to the Ministry of Finance, the budget deficit amounted to 3.3% of Austria´s GDP in 2011. With 72.2%, the public debt quota is thus lower than forecasted. Initially, public debt was estimated to rise to 73.6%.
The Austrian government´s expenditures were lower by € 2.3bn, tax intake was by € 0.9bn higher than it was scheduled. In 2011, Austria could benefit from…
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