Sustainability of public finances in Austria (DE)


Oesterreichische Nationalbank

The FISK-Workshop focused on the evaluation of fiscal sustainability of Austrian public finances. Presentations outlined the main results of the sustainability analysis of the MoF/WIFO long-term-projection exercise, the sustainability reports by the European Commission and the newly established FISK-Fiscal Sustainability Report. All analyses calculate a long-term sustainability gap, which is driven by the increasing cost of ageing. Contrary to the other reports, the FISK expects health expenditure to be the main contributor to the demographically driven increase of expenditure. The FISK projections further show that structural reforms supported by growth enhancing investments are needed to close the long-run fiscal sustainability gap. In contrast, short-term oriented expansionary fiscal measures (e. g. pension payment increases above the legal inflation-linked automatism) increase the long-term fiscal sustainability gap.

Welcome and introduction

Christoph Badelt, President of the Fiscal Advisory Council

Chair: Miriam Rehm, Fiscal Advisory Council


Stefan Schiman, Austrian Insitute of Economic Research
Langfristprognose des WIFO im Auftrag des BMF (DE)

Peter Grafeneder and Armin Heinrich, Ministry of Finance
EK-Ageing Report (DE)

Johannes Holler, Office of the Fiscal Advisory Council
EK Sustainability Report/Debt Monitor (DE)

Chair: Christoph Badelt, President of the Fiscal Advisory Council


Philip Schuster, Office of the Fiscal Advisory Council
Das FISK-OLG-Nachhaltigkeitsmodell (DE)

Susanne Forstner, Institute for Advanced Studies
Diskussion des Modells / Präsentation zum IHS-OLG-Modell (DE)