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The Financial Market Crisis and Budget Policy

Author

Listed:
  • Hans Pitlik

    (WIFO)

  • Margit Schratzenstaller-Altzinger

Abstract

The high public deficits expected in the coming years can largely be attributed to the budgetary effects of the financial market and economic crisis. Against the backdrop of a long term budget burden through increased debt and a demographically-related increase in expenditures, it is all the more urgent to find a suitable strategy for the rebalancing of the budget once the crisis is over. Potential for a consolidation of the budget can mainly be found in expenditures, while it is limited with respect to revenues.

Suggested Citation

  • Hans Pitlik & Margit Schratzenstaller-Altzinger, 2010. "The Financial Market Crisis and Budget Policy," Austrian Economic Quarterly, WIFO, vol. 15(1), pages 103-108, April.
    • Handle: RePEc:wfo:wquart:y:2010:i:1:p:103-108
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    Cited by:

    1. Karl Aiginger & Hans Pitlik & Margit Schratzenstaller-Altzinger, 2010. "Options for the Consolidation of Public Budgets in Austria," Austrian Economic Quarterly, WIFO, vol. 15(2), pages 184-197, July.
    2. Margit Schratzenstaller-Altzinger, 2012. "Between Consolidation and Growth: Federal Financial Framework 2013-2016, "Consolidation Package II" and Stability Programme," Austrian Economic Quarterly, WIFO, vol. 17(3), pages 187-206, September.

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    Keywords

    Financial Market Crisis; Budget Policy;

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