Fitch: Austria´s Public Debt to Double

Politics ♦ Published: January 23, 2013; 00:39 ♦ (Vindobona)

Due to the demographic trends, Austria faces a pension shock, Fitch says.

Fitch: Austria´s Public Debt to Double / Picture: ©

The next decades will become a major problem for Austria´s public finance, the rating agency says. Until 2050, the public debt quota may even double. At the moment, Austria´s public debt quota comes at 75% of GDP. As a result, the Austrian rating is endangered in the medium term, Fitch points out. Until 2030, the share of people aged over 65 will increase to 36%. What is more, the…