Austria: Fiscal Transparency Evaluation

June 27, 2018

Preview Citation

Format: Chicago

Austria: Fiscal Transparency Evaluation, (USA: International Monetary Fund, 2018) accessed September 21, 2024

Summary

This paper evaluates the state of fiscal transparency in Austria. Austria has built strong fiscal institutions over the past decade, notably through the budget reforms introduced in 2009 and 2013, which have significantly improved fiscal transparency. Many elements of sound fiscal transparency practices are in place in Austria. Fiscal reports, covering a substantial part of public activities, are published in a frequent and timely manner and include reconciliations between alternative measures of fiscal aggregates. Budgets and forecasts have a clearer medium-term and performance-oriented focus, and are guided by clear fiscal policy objectives, the compliance with which is subject to independent scrutiny. In addition, there is regular, high-quality reporting on the long-term sustainability of public finances.

Subject: Budget planning and preparation, Expenditure, Financial statements, Fiscal reporting, Fiscal risks, Public financial management (PFM)

Keywords: Balance sheet, BMF authority, Budget planning and preparation, Budget reform, Central government, CR, Debt portfolio, District authority, Evaluation, Financial assets, Financial statements, Fiscal policy objective, Fiscal reporting, Fiscal risks, Global, Government of Austria, Government unit, ISCR, Operating statement, Pension liability, Report, Revenue government, State government

Publication Details

Pages:

87
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/193
Stock No:

1AUTEA2018001
ISBN:

9781484363812
ISSN:

1934-7685

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