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Public Deficit Amounts to 9.4%, Public Debt to 82.6% of GDP in First Half Year of 2020
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Austria's government has lost its successful path to a lower public deficit due to Covid-19. In the first half year of 2020, the public deficit amounted to 9.4% while public debt rose to 82.6%. The outlook for the second half of 2020 is not much better and an increase of public debt is expected.

In the first half of 2020 (H1 2020), Austria recorded a public deficit of 9.4% of gross domestic product (GDP) or compared to H1 2019, this represents a deterioration of EUR 17.3 billion according to Statistics Austria (H1 2019: government surplus of EUR 0.5 billion or 0.2% of GDP). …
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