NEWS

Press information of the office (DE)

of April 8, 2022

Budgetary outlook 2022 and 2023 – A quick assessment of the Office of the Austrian Fiscal Advisory Council

Press information (DE)

of December 14, 2021

Public finance report 2020-2025 and recommendations                                                                                                   

Public finance report 2020-2025

of December 14, 2021

Main results and recommendations

General government gross debt – Austria
General government balance – Austria
EU fiscal rules applied for Austria: Maastricht criteria
EU fiscal rules applied for Austria: structural requirements

 
EU fiscal rules
 
    EC estimate FISK estimate MoF estimate
  2020 2021 2022 2021 2022 2021 2022
 
Maastricht deficit of no more than 3% of GDP
MTO of no more than −0.5% of GDP general escape clause
Government expenditure growth
Reduction of debt ratio
 
Legend: … compliant with fiscal rule and significant deviation; … not compliant with fiscal rule,  …not compliant with fiscal rule and significant deviation
EC … European Commission; FISK … Fiscal Advisory Council; MoF … Ministry of Finance
Source: Fiscal Advisory Council fiscal forecast (autumn 2021).

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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