The Federal government attained the goal of budget consolidation in 1997. The net deficit declined to 2.6 percent of GDP. The other territorial authorities have also exceeded their goals. Thus, the general government deficit totaled only 2.5 percent of GDP, and Austria has easily met the budget...

In 1990 the Austrian federal government continued its efforts to reduce the budget deficit. According to plan the net deficit was reduced to 3.5 percent of GDP. The federal budget had a slightly restrictive effect. The 1991 budget is designed to have a slightly expansionary effect. This is...