Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Austrias Fiscal Rules
Download Austrias Fiscal Rules full books in PDF, epub, and Kindle. Read online Austrias Fiscal Rules ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Download or read book Austria's Fiscal Rules written by and published by . This book was released on 2014 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study of Austria's fiscal framework discusses positive aspects and weaknesses of recent reforms in intergovernmental fiscal relations by analysing from a backward and forward looking perspective some of the factors driving subnational fiscal performance. Looking back, transfer dependency has differed between various levels of government and coincided with different fiscal outcomes for State governments (Länder) and local governments. The fiscal framework has not been able to prevent State governments from consistently missing their budgetary targets from 2001 to 2009, causing a significant drag on Austria's overall budgetary position. In response, reforms going in the direction of higher tax sharing and lower transfer dependence for subnational governments have provided stronger incentives to curb expenditure, paving the way for better fiscal performance in recent years.^Looking forward, the analysis focuses on the new system of fiscal rules adopted in Austria, aimed at reinforcing the budgetary framework through the introduction of multiple fiscal rules that are extended to subnational governments. The reform has reinforced the link between structural macroeconomic variables and subnational budgetary targets, in particular by capping subnational expenditure dynamics to national potential output growth. Although the new rules constitute progress, their design may in some respects be ineffective to ensure the respect of the targets. In particular the link between potential output and subnational expenditure growth may prove difficult to maintain in light of the volatile nature of subnational spending in Austria, which is often caused by specific recurrent expenditure overruns.^In this respect, the study presents the underlying factors driving the dynamic of subnational health sector expenditure, such as recurrent subsidies and capital transfers to the health sector, and confirms that the effectiveness of Austria's new fiscal framework will depend on the interplay of comprehensive organisational and structural reforms in order to tackle inefficiencies and reduce the underlying trend expenditure growth.
Book Synopsis Austria by : International Monetary Fund. Fiscal Affairs Dept.
Download or read book Austria written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2018-06-27 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper evaluates the state of fiscal transparency in Austria. Austria has built strong fiscal institutions over the past decade, notably through the budget reforms introduced in 2009 and 2013, which have significantly improved fiscal transparency. Many elements of sound fiscal transparency practices are in place in Austria. Fiscal reports, covering a substantial part of public activities, are published in a frequent and timely manner and include reconciliations between alternative measures of fiscal aggregates. Budgets and forecasts have a clearer medium-term and performance-oriented focus, and are guided by clear fiscal policy objectives, the compliance with which is subject to independent scrutiny. In addition, there is regular, high-quality reporting on the long-term sustainability of public finances.
Author :International Monetary Fund. European Dept. Publisher :International Monetary Fund ISBN 13 : Total Pages :48 pages Book Rating :4.4/5 (2 download)
Book Synopsis Austria by : International Monetary Fund. European Dept.
Download or read book Austria written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2024-05-13 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Austria: Selected Issues
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :1451802234 Total Pages :103 pages Book Rating :4.4/5 (518 download)
Book Synopsis Austria by : International Monetary Fund
Download or read book Austria written by International Monetary Fund and published by International Monetary Fund. This book was released on 1996-08-18 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews economic developments in Austria during 1995–96. A review of developments and short-term prospects for the domestic economy, the public finances, monetary and exchange rate policy, and the balance of payments is presented. Several estimates of potential output and the output gap in Austria are discussed, together with two macroeconomic scenarios that the IMF staff has developed. The paper provides an analysis of the Austrian federal structure. The distribution of government responsibilities, the revenue-sharing mechanism, and transfers among different levels of government are also discussed.
Book Synopsis Austria: Public Sector Inefficiencies Have Become Less Affordable by : Karin Fischer
Download or read book Austria: Public Sector Inefficiencies Have Become Less Affordable written by Karin Fischer and published by . This book was released on 2011 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Performance of fiscal policy, while good in international comparison, is not sufficient to prepare for future ageing-related spending increases. Subject to macroeconomic developments, the pace of consolidation could be more ambitious than currently planned, with a view to reducing the debt burden below 60% of GDP by 2020. Austrian fiscal policies have tended to be pro-cyclical in upturns, mainly because spending was not adequately kept in check. Stronger fiscal rules and a reform of inter-governmental fiscal relations could help contain expenditure dynamics. Efficiency-raising reforms in key spending areas such as pensions and other social expenditures, health, and education are also highly needed to reduce spending and ensure the provision of high-quality public services at lower cost. In this regard, Austria should make full use of the performance budgeting framework it plans to introduce from 2013. Higher potential growth could also take off some of the pressure on public finances. There remains significant room to rebalance the tax structure towards less distortive sources of revenue, thus supporting employment and growth.
Author :International Monetary Fund Publisher :INTERNATIONAL MONETARY FUND ISBN 13 :9781451802412 Total Pages :23 pages Book Rating :4.8/5 (24 download)
Book Synopsis Austria: Selected Issues by : International Monetary Fund
Download or read book Austria: Selected Issues written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2008-06-18 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Austria's federal system comprises the federal government and nine provinces (Länder). The federal system is rather centralized by international standards, with the federal government (including social security funds) accounting for about 70 percent of general government spending, the provinces accounting for 17 percent, and municipalities accounting for 13 percent as of 2006. In terms of expenditure responsibilities, the constitution lists all the competencies of the federal government, and anything not listed is generally handled by the Länder and municipalities.
Author :International Monetary Fund. European Dept. Publisher :INTERNATIONAL MONETARY FUND ISBN 13 :9781498351799 Total Pages :0 pages Book Rating :4.3/5 (517 download)
Book Synopsis Austria by : International Monetary Fund. European Dept.
Download or read book Austria written by International Monetary Fund. European Dept. and published by INTERNATIONAL MONETARY FUND. This book was released on 2014-09-15 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper presents a comparison on public expenditure of Austria and other countries. In the past decade, Austria’s government expenditure growth has been very steady, thus avoiding the boom–bust pattern of some other European countries. However, expenditure levels are relatively high, and the difference with Germany has been widening. Compared with other countries, spending is particularly high for pensions, capital transfers and subsidies, including in the transport sector. According to economic classification, the composition of expenditure in the main categories has been more stable. Social benefits and transfers in kind, increasing by 0.7 percentage points between 2002 and 2012, have remained the highest component by far. Nevertheless, expenditure levels in Austria are relatively high, and the difference with Germany has been widening. A cross-country analysis of public spending by different type of categories shows several areas where spending stands out.
Book Synopsis Medium-Term Budgetary Frameworks - Lessons for Austria from International Experience by : Erik J. Lundbäck
Download or read book Medium-Term Budgetary Frameworks - Lessons for Austria from International Experience written by Erik J. Lundbäck and published by INTERNATIONAL MONETARY FUND. This book was released on 2008-06-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Austrian government is about to introduce a new fiscal management framework. The first step is to introduce a medium-term budgetary framework, including an expenditure rule. The paper focuses on this first step. The purpose is to describe and evaluate the Austrian model in light of other countries' experiences with their frameworks. An attempt is made to identify features that have proven to be effective elsewhere and that can be applied to the Austrian case. The paper also identifies potential challenges and possible trade-offs when implementing the framework.
Book Synopsis Austria by : International Monetary Fund
Download or read book Austria written by International Monetary Fund and published by International Monetary Fund. This book was released on 2001-06-14 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Austria written by Burkhard Drees and published by International Monetary Fund. This book was released on 1997-08-13 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Author :International Monetary Fund Publisher :INTERNATIONAL MONETARY FUND ISBN 13 :9781451802320 Total Pages :100 pages Book Rating :4.8/5 (23 download)
Book Synopsis Austria - Selected Issues and Statistical Appendix by : International Monetary Fund
Download or read book Austria - Selected Issues and Statistical Appendix written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2000-09-29 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study describes key features of the Austrian financial system, analyzes current trends in Austrian banking, and discusses appropriate regulatory responses to the changing financial environment. In this paper, the following statistical data are presented in detail: national income and its distribution, prices, wages, production, financing of the federal deficit, debt and debt services of the federal government, monetary aggregates and lending to domestic nonbanks, interest rates, exchange rate developments, balance of payments, capital account overview, international investment position, official development assistance, and so on.
Author :International Monetary Fund. European Dept. Publisher :International Monetary Fund ISBN 13 :1498327966 Total Pages :58 pages Book Rating :4.4/5 (983 download)
Book Synopsis Austria by : International Monetary Fund. European Dept.
Download or read book Austria written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2016-02-12 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2015 Article IV Consultation discusses the key issues related to the economy of Austria. Austria has recovered from the global financial crisis, but the crisis still remains in bank and public sector balance sheets. Major banks have been striving to strengthen their capital and profitability positions amid regulatory and supervisory reforms. Despite lackluster growth, economic slack is limited as potential growth has fallen as well. The governing coalition of Social Democrats and the right-of-center People's Party holds a constructive dialogue on economic policy issues. Growth is estimated at 0.7 percent in 2015, a slight improvement over the 1⁄2 percent average in 2012–14, on the back of strengthening external and domestic demand.
Book Synopsis Intergovernmental Financial Relations in Austria by : Robert John Bennett
Download or read book Intergovernmental Financial Relations in Austria written by Robert John Bennett and published by . This book was released on 1985 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Austria by : International Monetary Fund
Download or read book Austria written by International Monetary Fund and published by International Monetary Fund. This book was released on 2002-08-14 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2002 Article IV Consultation highlights that after decelerating sharply in 2001, economic growth in Austria is projected to strengthen gradually during 2002, parallel to the expected improvement in the global economic climate. Real GDP growth is projected to average 1 percent in 2002, supported by a recovery in investor confidence and strong competitiveness. Despite the recent increase, the unemployment rate remains one of the lowest in Europe at about 4 percent. The government intends to stick to its fiscal adjustment plan in 2002.
Book Synopsis Austria, Recent Developments and Issues by :
Download or read book Austria, Recent Developments and Issues written by and published by . This book was released on 1995 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Fiscal Rules—Anchoring Expectations for Sustainable Public Finances by : International Monetary Fund. Fiscal Affairs Dept.
Download or read book Fiscal Rules—Anchoring Expectations for Sustainable Public Finances written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2009-12-11 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sharp increase in fiscal deficits and public debt in most advanced and several developing economies has raised concerns about the sustainability of public finances and highlighted the need for a significant adjustment over the medium term. This paper assesses the usefulness of fiscal rules in supporting fiscal consolidation, discusses the design and implementation of rules based on a new data base spanning the whole Fund membership, and explores the fiscal framework that could be adopted as countries emerge from the crisis.
Book Synopsis Fiscal Policies During the Covid-19 Crisis in Austria by : Klaus Weyerstrass
Download or read book Fiscal Policies During the Covid-19 Crisis in Austria written by Klaus Weyerstrass and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This EconPol Policy Report assesses the macroeconomic impact of fiscal policy measures introduced by the Austrian government during the Covid-19 crisis in 2020 and 2021. Large parts of the stimulus package aimed at stabilizing companies, employment and private households. According to the study short-term work schemes were particularly successful. Equally effective were measures supporting companies and the self-employed who were directly affected by the containment measures, e.g. liquidity support (fixed cost subsidies and loss compensations), tax reductions and tax deferrals. While support to private consumption generally is not the recommended fiscal policy reaction to a recession which is caused by government measures to restrict consumption possibilities, support to companies, employees and the self-employed who are affected by the closure of some businesses are appropriate, according to the study. At the same time, those companies that would have left the market anyway should not kept alive articifially, as this would hamper structural change. For the same reason, short-time work schemes should only be offered as long as the contaiment measures or other pandemic-related problems such as supply-chain disruptions prevail.
