English, Article edition: Distributive Effects Emanating from Austria's Budget Policy Helmut Kramer

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/100447
Physical Description
  • article
Language
  • English

Edition details

Title
  • Distributive Effects Emanating from Austria's Budget Policy
Author
  • Helmut Kramer
Physical Description
  • article
Notes
  • Immediately upon taking office, the new Austrian government was forced to take action to narrow the growing gap in the financing of the national budget which was caused by the 2000 tax reform and the family package. In doing so it not only complied with its commitments under the EU's Stability and Growth Pact, but it also took advantage of the good economic situation which made prompt action advisable. At the same time this meant cancelling most of the benefits granted to the population on the expenditure and revenue side of the budget. The target for the 2002 budget deficit was reduced from –1.3 percent to 0 percent of GDP in just a few months. In view of this rapidly accelerated pace of consolidation, the distributive structures were naturally affected as well. The effect of the many individual measures on social groups and income strata can best be gauged when we look at income and consumption taxes and pensions. Here we find that cuts were greatest, in relative terms, at the medium and lower income levels, but not at the bottom of the income hierarchy. This applies most particularly to above-average pensions, which will suffer a greater loss from wage tax changes in 2001 than they gained by the tax reform of 2000. In assessing measures that affect company revenues we are confronted with complex issues of impact incidence, and we frequently need to consider second-round effects due to the shifting potential. The consolidation measures taken by the Federal Government in 2000 show signs of a refocus in the government's distribution policy. Nevertheless no ultimate concept has so far emerged, neither with regard to basic tax and pension reforms, nor in family policy, in the treatment of gainfully employed women and housewives, nor in the fiscal equalisation scheme for the federal and provincial governments.
  • Überlegungen zu den Verteilungswirkungen der österreichischen Budgetpolitik; Distributive Effects Emanating from Austria's Budget Policy
  • RePEc:wfo:monber:y:2001:i:1:p:27-39
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment