Austria: Selected Issues
May 2, 2007
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This Selected Issues paper focuses on the medium-term budgetary framework (MTBF) for Austria. Austria is part of a trend among many countries to consider some form of MTBF. This paper describes the proposed framework in Austria and assesses it in light of the experience of other countries. The general conclusion is that the track records are mixed, but that, on balance, the experiences with MTBFs have been favorable. The paper also examines the long-term fiscal challenges arising from demographic change.
Subject: Aging, Expenditure, Fiscal policy, Labor, Medium-term budget frameworks, Pension spending, Pensions, Population and demographics, Public financial management (PFM), Retirement
Keywords: Aging, Australia and New Zealand, corridor pension, CR, early retirement, Europe, expenditure, expenditure projection, fiscal policy rule, ISCR, Medium-term budget frameworks, medium-term-oriented fiscal policies, multiyear expenditure rule, pension expenditure, pension pillar, Pension spending, Retirement, retirement age
Pages:
45
Volume:
2007
DOI:
Issue:
143
Series:
Country Report No. 2007/143
Stock No:
1AUTEA2007001
ISBN:
9781451802382
ISSN:
1934-7685
