AUSTRIA: 2000 BUDGET PRESENTED

Article Abstract:

Austria's new coalition government consisting of the conservative People's Party OVP and the far-right Freedom Party FPO has presented to the parliament its budget for year 2000. The budget involves revenue of Sch 726.7bn (Sch 719.6bn in 1999) and expenditure of Sch 781.3bn (Sch 787.8bn). The anticipated administrative deficit corresponds to 2% of gross domestic product. In terms of the Maastricht agreement, the deficit is 2.2% of GDP, compared with 2.5% in 1999. Finance minister Karl-Heinz Grasser pointed out that the budget contains cuts in expenditure of Sch 14.5bn, while Sch 7bn is to be generated with tax hikes. Moreover, the budget contains non-recurrent revenues of Sch 20bn and surpluses of Sch 12.9bn from a number of public funds.

Budget Process, Budgeting

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AUSTRIA: PUBLIC DEFICIT DOWN IN 1999

Article Abstract:

According to Austria's central statistics institute Ostat, the country's public deficit fell to 2% of gross domestic product in 1999 from 2.5% in 1998. This is explained with the fact that the growth of public spending and public deficit was slower than that of Austrian economy. State ratio thus fell from 54.1% to 53.7%. Public debt, however, rose from 63.5% of GDP to 64.9%.

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AUSTRIA: 1999 BUDGET DEFICIT LOWER THAN PLANNED

Article Abstract:

According to preliminary figures Austria's budget deficit in 1999 amounted to Sch 68.2bn or 2.54% of gross domestic product, while the budget was based on a deficit of Sch 70.1bn or 2.56%. In 1998 the deficit amounted to Sch 66.2bn. The state's debt corresponded to 59.4% of GDP.

Statistical Data Included, Brief Article

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