Fiscal rules compliance report
The fiscal rules compliance report analyzes the medium-term fiscal path implied by the Austrian federal government’s annual stability program update and provides information on Austria’s compliance with EU and national fiscal rules. This report is released annually in mid-June. By monitoring Austria’s compliance with fiscal rules, the Fiscal Advisory Council performs its function of a fiscal watchdog – a responsibility that has been assigned to independent bodies across Europe. The report also refers to current reforms and interpretations of the EU’s fiscal framework, highlighting critical aspects in both EU and national fiscal frameworks. The report’s budget analyses are based on the Fiscal Advisory Councils own fiscal forecasts for years t and t+1 (from spring 2021, for years t to t+4). Fiscal policy recommendations addressed to the Federal Minister of Finance are an integral part of the report.