Article Tools

Massive Increase in Public Debt

Published: February 10, 2011; 00:56 · (Vindobona)

Austrian public debt could rise dramatically soon by a new calculation involving separate legal entities.

Massive Increase in Public Debt / Picture: © Vindobona.org

Austria is currently in negotiations with representatives of the EU statistical office, Eurostat. Depending on the results of the negotiations, the official debt of the Republic might increased significantly. Currently, the debt ratio amounts to 70% of the GDP.

This is due to the separate state infrastructure legal entities, such as the federal railways ÖBB and the motorway…

This article includes a total of 194 words.

or Log In

Fast News Search
Related News
ÖBB CEO Kern Closes In on Politicians (February 4, 2011)
"Austria Does Not Deserve an AAA Rating" (January 28, 2011)
Budget-saving Measures in Austria are Insufficient (January 25, 2011)
Increase of Debts Slows Down at Asfinag (January 3, 2011)
Massive Rise of Debt in the Public Sector (December 31, 2010)
WIFO Director: "Crisis was not Taken Advantage of to Introduce Reforms" (December 30, 2010)
Read More
Eurostat, EU European Union, Infrastructure, OEBB Austrian Railways, BMF - Federal Ministry of Finance - Bundesministerium für Finanzen, Public Debt, Asfinag
Featured
Updated Directory of Foreign Ambassadors in Austria 2019
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter