Public Deficit in 2011 Below Maastricht Criteria

Business › Economy ♦ Published: March 29, 2012; 13:07 ♦ (Vindobona)

The Austrian state recorded a budget deficit of 2.6%. Public debt rose to 72.2% of GDP in 2011.

Public Deficit in 2011 Below Maastricht Criteria / Picture: © Vindobona.org

In 2011, public households in Austria managed to reduce their Maastricht deficit while the Maastricht debt reports only a small increase. Preliminary data for 2011 result in a Maastricht deficit of 2.6% (€ 7.8bn) and a Maastricht debt of 72.2% (€ 217.4bn). In 2010, the debt level stood at € 205.7bn (71.9%). As a result, new debt amounts to € 11.7bn. Public debts consisted of…

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Budget Deficit, Public Debt, Public Expenses, Public Revenues, Taxation
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