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...

The new revenue sharing law has hardly changed the distribution of public funds among the federal government, Länder, and communities as compared to previous laws, except that the distribution key for joint federal taxes (for income-based and inheritance taxes) has clearly shifted in favour of...