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Extension of excessive deficit procedure against Austria expected

According to the latest autumn forecast, the Fiscal Advisory Council expects budget deficits to be well above the Maastricht ceiling of 3% of GDP and the debt ratio to rise steadily to a historic high of 87.7% of GDP by 2029.more

Further major consolidation measures required to bring budget deficit below Maastricht ceiling

Fiscal Advisory Council calls for intensified consolidation efforts by all levels of government and improved budget control in the federal state. Structural reforms must be initiated and implemented to ensure a smooth transition of consolidation effects.more

Fiscal Sustainability Report 2025

Necessary adjustment of the structural primary balance increases from currently 2.5% to 7.0% of GDP by 2070 in order to keep the debt ratio path in line with the minimum requirements of the European fiscal rules in the long term. Demographic factors as the main driver of the long-term deterioration of the primary balance.more

NEWS

Press release: High budget deficits require additional consolidation (German)

December 15, 2025

Press release of the Austrian Fiscal Advisory Board

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Public finance report 2024-2029 (summary)

December 15, 2025

Public finance report 2024-2029 (summary)

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Recommendations by the Fiscal Advisory Council on Austria´s budget policy for 2026

December 15, 2025

Recommendations 2026

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General government gross debt – Austria

General government balance – Austria

EU fiscal rules applied for Austria: Maastricht criteria

EU fiscal rules applied for Austria: Net expenditure path

Net expenditure path (change in %)
	2025	2026	2027²⁾	2028	2029
Net expenditure growth according to FISK-forecast	2,1%	2,2%	2,8%	2,9%	1,9%
Max. permissible net expenditure growth according to MTP	2.6%	2.2%	2.2%	2.0%	2.3%

Control account balance in % of GDP¹⁾	0,3	0,3	0,0	−0,5	−0,3

MTP ... national medium-term fiscal-structural plan
1) Cumulative deviation from the net expenditure path. In the case of a negative/positive account balance, the extent to which the annual thresholds are exceeded/undercut predominates. Red: Exceedance of the annual and/or cumulative threshold of 0.3% or 0.6% of GDP. Orange: Exceeding the annual permissible growth but falling short of the annual threshold. Green: Compliance with the annual permissible growth.
2) Without adjustment for the one-off special effect in 2028 as a result of the replacement of the national CO2 levy with revenue from the European Emissions Trading System 2 amounting to 0.3% of GDP.
Sources: Fiskalrat (Autumn forecast) und MoF.

Organization and members

The Fiscal Advisory Council is an independent body responsible for monitoring the fiscal discipline of government entities in Austria. It consists of 15 members that are mandated to act independently. Its Office is attached to the Oesterreichische Nationalbank (OeNB).

Tasks of the Fiscal Advisory Council

The Fiscal Advisory Council analyzes Austria’s public finances, monitors compliance with national and EU fiscal rules and contributes to the public debate.