Austria: Staff Report for the 2000 Article IV Consultation

August 8, 2000

Summary

The Austrian economy has been growing at an annual rate in excess of 3percent since mid-1999. Experience with deregulation in the telecommunications and electricity sectors is encouraged. With strong economic growth and expansionary monetary conditions from an Austrian perspective, Executive Directors judged that cyclical reasons would support a front-loaded approach to fiscal consolidation. Strong external demand and continued economic liberalization should contribute to sustaining economic expansion at a rate of close to 3percent per year in 2001–02.

Subject: Expenditure, Fiscal consolidation, Fiscal policy, Fiscal stance, Labor, Labor markets, Pension spending

Keywords: budget consolidation process, Central and Eastern Europe, consolidation goal, CR, deficit, Eastern Europe, Europe, expenditure saving, Fiscal consolidation, Fiscal stance, Global, government, ISCR, Labor markets, one-off expenditure, Pension spending, stability program, staff appraisal

Pages:
40
Volume:
2000
DOI:
https://doi.org/10.5089/9781451802269.002
Issue:
095
Series:
Country Report No. 2000/095
Stock No:
1AUTEA0012000
ISBN:
9781451802269
ISSN:
1934-7685

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Notes

Included with the Staff Report are the text of Public Information Notice No. 00/58 and a statement by Johann Prader on August 3,2000.

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