Austria: Staff Report for the 2003 Article IV Consultation

November 26, 2003

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Austria: Staff Report for the 2003 Article IV Consultation, (USA: International Monetary Fund, 2003) accessed December 22, 2024

Summary

The Austrian economy performed well, but long-term problems were unaddressed. Austria has weathered the slump well. The government's economic policy priorities and recent achievements have been commendable. Tax reform will help improve the economy's long-term growth potential. Successful reform of inter-governmental fiscal relations is key to achieving the medium-term fiscal objectives. The recent pension reform will ensure long-term sustainability of the pension system. The creation of the financial market authority has strengthened financial supervision but continued vigilance is required. The government's structural reform agenda is appropriate.

Subject: Budget planning and preparation, Expenditure, Fiscal policy, Fiscal stance, Pension reform, Tax incidence, Tax policy

Keywords: Authority, Central and Eastern Europe, CR, Eastern Europe, EU-accession countries, Europe, Financial Market authority, Fiscal stance, Global, ISCR, Pension reform, Policy, Stability program, Staff appraisal, Staff statement, Tax incidence

Publication Details

Pages:

53
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/372
Stock No:

1AUTEA0012003
ISBN:

9781451802290
ISSN:

1934-7685

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