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

Author/Editor:

Erik J. Lundback

Publication Date:

June 1, 2008

Electronic Access:

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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. 2008/163

Subject:

Budget planning and preparation Expenditure Fiscal policy Fiscal rules Medium-term budget frameworks

English

Publication Date:

June 1, 2008

ISBN/ISSN:

9781451870213/1018-5941

Stock No:

WPIEA2008163

Pages:

30

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