Austria: Staff Report for the 2001 Article IV Consultation
June 14, 2001
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Growth in the Austrian economy decelerated in mid-2000 in tandem with weaker activity in Europe after a vigorous expansion. Privatization of state holdings in commercial enterprises has continued, and liberalization of the electricity and gas markets is planned to be completed well ahead of EU deadlines. In light of pressures to reduce the tax burden and narrow the scope of the public sector’s direct economic involvement, Executive Directors recommended a long-term focus on the fiscal policy debate and encouraged the authorities for their civil service.
Subject: Expenditure, Fiscal consolidation, Fiscal policy, Fiscal stance, Labor, Labor markets
Keywords: authorities project, Central and Eastern Europe, CR, Eastern Europe, Europe, federal budget, federal government, Fiscal consolidation, fiscal policy, fiscal policy correction, Fiscal stance, General government balance, government, government balance, ISCR, labor market, Labor markets, privatization program
Pages:
36
Volume:
2001
DOI:
Issue:
086
Series:
Country Report No. 2001/086
Stock No:
1AUTEA0012001
ISBN:
9781451802276
ISSN:
1934-7685
