In October of 1995, the Austrian federal government was not able to agree on a budget proposal for 1996; as a result, the coalition government broke up, and general elections were called for December 1995. A provisional budget will be in effect until the late winter or spring of 1996 when it might...

The new Austrian Federal Government has agreed upon a set of measures in the area of fiscal policy which ought to reduce the Federal deficit in 1996 and 1997 by around ATS 100 billion. This amount should be sufficient as to ensure that Austria will fulfill the deficit criterion for participation...