English, Article edition: Federal Budget 2003-04: Postponing the Goal of a Balanced Budget Gerhard Lehner; Margit Schratzenstaller

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Bookmark: http://trove.nla.gov.au/version/151817
Physical Description
  • article
Language
  • English

Edition details

Title
  • Federal Budget 2003-04: Postponing the Goal of a Balanced Budget
Author
  • Gerhard Lehner
  • Margit Schratzenstaller
Physical Description
  • article
Notes
  • A stagnating economy and a marked rise in unemployment prevented the attainment of a balanced public budget in 2002. Because of the persistent cyclical weakness and of the tax reform envisaged for 2004-05, a balanced budget position will be achieved only after 2007. In spite of a noticeable increase in the debt ratio, which is the result of statistical revisions, Austria's budgetary position compares favourably with the EU average. To achieve medium-term fiscal consolidation the government aims at reducing the revenue and expenditure ratios. Starting with 2004 there will be a decline in the share of transfer expenditures. Tax revenues will gain in importance within total federal revenues; a shift from direct taxes to indirect taxes can be observed.
  • budget policy; public budget; public revenues; public expenditure; taxes; public debt; Austria
  • RePEc:wfo:wquart:y:2003:i:3:p:102-117
  • In view of the fact that extensive tax relief measures have been envisaged for the tax reform of 2004-05, and since the economy continues its modest growth rate, the federal government decided to postpone its goal of achieving a "zero deficit" beyond 2007.
  • Staatshaushalt; Bundeshaushalt; Voranschlag; Budget; Defizit
  • RePEc:wfo:monber:y:2003:i:8:p:605-621
Language
  • English
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