IDEAS home Printed from https://ideas.repec.org/a/wfo/wquart/y2003i3p102-117.html
   My bibliography  Save this article

Federal Budget 2003-04: Postponing the Goal of a Balanced Budget

Author

Listed:
  • Gerhard Lehner

    (WIFO)

  • Margit Schratzenstaller-Altzinger

Abstract

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.

Suggested Citation

  • Gerhard Lehner & Margit Schratzenstaller-Altzinger, 2003. "Federal Budget 2003-04: Postponing the Goal of a Balanced Budget," Austrian Economic Quarterly, WIFO, vol. 8(3), pages 102-117, October.
  • Handle: RePEc:wfo:wquart:y:2003:i:3:p:102-117
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/24632
    File Function: abstract
    Download Restriction: Payment required
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Margit Schratzenstaller-Altzinger, 2005. "Budget Proposal for 2005: Tax Reform Causes High Public Deficit," Austrian Economic Quarterly, WIFO, vol. 10(1), pages 23-39, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wfo:wquart:y:2003:i:3:p:102-117. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Florian Mayr (email available below). General contact details of provider: https://edirc.repec.org/data/wifooat.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.