• Budget Forecasts

    Twice a year, the Fiscal Advisory Council publishes forecasts for the general government budget for the current and the upcoming year: the spring forecast is released with the Compliance with Fiscal Rules Report and the fall forecast with the Annual Public Finance Report. The projections of general government revenue and expenditure and the public debt level make it possible to monitor Austria’s fiscal performance in a timely manner and to assess compliance with EU fiscal rules. The Fiscal Advisory Council’s budget forecasts also serve to check the plausibility of Austria’s stability programs and draft budgetary plans.

  • Fiscal Rules Compliance Report

    The Fiscal Advisory Council monitors the compliance of governments – the central government, regional governments, local governments, social security funds – with national fiscal rules. In its capacity as a fiscal watchdog, the Fiscal Advisory Council regularly provides information about Austria’s current and projected compliance with the EU’s fiscal rule framework (Maastricht deficit, structural Maastricht deficit, spending rule, debt rule): it presents the Fiscal Rules Compliance Report in May and the annual Public Finance Report in December.

  • Annual Report

    In its annual Public Finance Report, the Fiscal Advisory Council provides information about Austria’s deficit and debt performance and the sustainability of Austria’s debt management. This assessment also extends to the role of the regional and local governments. The annual report is submitted to Austria’s finance minister and parliament and is discussed by the Parliamentary Budget Committee. In 2016, the Fiscal Advisory Council started to include its fall budget forecast in the annual report that is published in December.

  • Recommendations and Statements

    The Fiscal Advisory Council submits its assessment of Austria’s fiscal and macroeconomic performance, together with fiscal policy recommendations for the central, regional and local government authorities, to Austria’s finance minister and parliament at least twice a year (in July and December). They are discussed by the Parliamentary Budget Committee. Assessments of special fiscal topics are published in the form of press releases.

  • Staff Papers

    The Fiscal Advisory Council commissions secretariat staff members to write studies on fiscal policy issues relevant to economic policy making.