IMF Staff Country Reports

Austria: Selected Issues

Publication Date:

August 14, 2002

Electronic Access:

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Summary:

This Selected Issues paper for Austria looks at the fiscal burden facing Austria owing to aging, and the policy steps necessary to address it. It gives a short description of the Austrian pension, health care, and long-term care systems, and describes how aging will affect the costs of these systems. It then analyzes the development of age-related spending and the sustainability of general government finances under different scenarios, and quantifies the primary adjustment required to keep public finances on a sustainable path in the long term.

Series:

Country Report No. 2002/183

Subject:

Aging Banking Commercial banks Expenditure Financial institutions Labor Labor markets Pension spending Pensions Population and demographics