NEWS

Press information: Public Finance Report and Recommendations

December 16, 2024

Press information (in German)

Public Finance Report 2023-2028 (Summary)

December 16, 2024

Main results and recommendations

Recommendations 2024

December 16, 2024

Recommendations by the Office of the Fiscal Advisory Council

General government gross debt – Austria
General government balance – Austria
EU fiscal rules applied for Austria: Maastricht criteria
EU fiscal rules applied for Austria: Net primary expenditure path

 
Corrective action needed over a four-year adjustment period broken down by scenarios
  2025 2026 2027 2028  
Budget deficit in % of GDP  −4,1  −3,8  −3,5  −3,5  
Structural primary balance in % of GDP  −1,9  −1,8  −1,7  −1,9  
Net expenditure growth  3,2  2,4  2,5  3,1  
  2025 2026 2027 2028 2025–2028
Main scenario 1: reference path with debt sustainability safeguard
Reference path for the structural primary balance (+1.00% per year)  −0,7  0,3  1,3  2,3  
Reference path for net expenditure growth  1,4  1,2  1,3  1,4  
Corrective action needed in EUR billion  7,4  0,5  3,2  4,8  15,8
Deficit if corrective action is taken in % of GDP  −3,0  −2,6  −1,9  −1,3  
 
Main scenario 2: reference path under excessive deficit procedure
Reference path for the structural primary balance (+0.66% per year)  −1,0  −0,3  0,3  1,0  
Reference path for net expenditure growth  2,0  1,8  1,9  2,0  
Corrective action needed in EUR billion  4,1  1,4  1,4  3,0  8,9
Deficit if corrective action is taken in % of GDP  −3,7  −3,1  −2,6  −2,3  
 

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).

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


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