Austria : 2013 Article IV Consultation

Publication Date: September 10, 2013

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Summary: This paper presents details of Austria’s 2013 Article IV Consultation. Austria has been growing economically but is facing challenges in the financial sector. Full implementation of medium-term fiscal adjustment plans require specifying several measures and plans that need gradual strengthening to take expected further bank restructuring cost into account. It suggests that strong early bank intervention and resolution tools, a better designed deposit insurance system, and a bank-financed resolution fund would help reduce the need for budgetary support to any troubled banks in the future.
Series: IMF Staff Country Reports
Subject(s): Article IV consultation reports | Fiscal policy | Public debt | Housing | Fiscal reforms | Labor taxes | Banking sector | Bank restructuring | Bank resolution | Economic indicators | Staff Reports | Press releases | Austria | Housing prices

Publication Date: September 10, 2013
ISBN/ISSN: 9781475575088/1934-7685 Format: Paper
Stock No: 1AUTEA2013001 Pages: 48
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