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Medium-Term Budgetary Frameworks - Lessons for Austria from International Experience

Author/Editor: Lundbäck, Erik J.
Authorized for Distribution: June 1, 2008
Electronic Access: Free Full Text (PDF file size is 277KB)
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.

Summary: The Austrian government is about to introduce a new fiscal management framework. The first step is to introduce a medium-term budgetary framework, including an expenditure rule. The paper focuses on this first step. The purpose is to describe and evaluate the Austrian model in light of other countries' experiences with their frameworks. An attempt is made to identify features that have proven to be effective elsewhere and that can be applied to the Austrian case. The paper also identifies potential challenges and possible trade-offs when implementing the framework.
 
Series: Working Paper No. 08/163
Subject(s): Austria | Fiscal policy | Fiscal management | National budgets | Government expenditures
Author's keyword(s): Fiscal Frameworks | Fiscal Rules
 
English  
    Published:   June 1, 2008        
            Format:   Paper
    Stock No:   WPIEA2008163   Pages:   30
    Price:   US$18.00
       
     
Please address any questions about this title to publications@imf.org.