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IMF Calls for More Ambitious Budgetary Consolidation
Politics ♦
Published: June 14, 2011; 14:02 ♦ (Vindobona)
Austria was asked to make higher efforts to reduce its debt. The IMF recommends savings in the pension and health care systems as well as lower state subsidies in next year’s budget.
IMF Calls for More Ambitious Budgetary Consolidation / Picture: © IMF
The International Monetary Fund (IMF) urged Austria to increase its efforts for budgetary consolidation. According to the IMF’s 2011 country report, which was presented today by Enrica Detragiache, Division Chief at the IMF, and Ewald Nowotny, Governor of the Austrian National Bank (OeNB), Austria’s national debt is significantly above its pre-crisis level. Starting with the budget…
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