Austria: Public Sector Inefficiencies Have Become Less Affordable:
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 be...
Gespeichert in:
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| Weitere Verfasser: | , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2011
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| Schriftenreihe: | OECD Economics Department Working Papers
no.897 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | 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. |
| Beschreibung: | 1 Online-Ressource (39 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5kg3nzkxsv7c-en |
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| spelling | Fischer, Karin VerfasserIn aut Austria: Public Sector Inefficiencies Have Become Less Affordable Karin, Fischer, Rauf, Gönenç and Robert, Price = Autriche : Les carences du secteur public sont de moins en moins supportables / Karin, Fischer, Rauf, Gönenç et Robert, Price Autriche : Les carences du secteur public sont de moins en moins supportables Paris OECD Publishing 2011 1 Online-Ressource (39 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.897 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. Economics Austria Gönenç, Rauf MitwirkendeR ctb Price, Robert MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5kg3nzkxsv7c-en Volltext |
| spellingShingle | Fischer, Karin Austria: Public Sector Inefficiencies Have Become Less Affordable Economics Austria |
| title | Austria: Public Sector Inefficiencies Have Become Less Affordable |
| title_alt | Autriche : Les carences du secteur public sont de moins en moins supportables |
| title_auth | Austria: Public Sector Inefficiencies Have Become Less Affordable |
| title_exact_search | Austria: Public Sector Inefficiencies Have Become Less Affordable |
| title_full | Austria: Public Sector Inefficiencies Have Become Less Affordable Karin, Fischer, Rauf, Gönenç and Robert, Price = Autriche : Les carences du secteur public sont de moins en moins supportables / Karin, Fischer, Rauf, Gönenç et Robert, Price |
| title_fullStr | Austria: Public Sector Inefficiencies Have Become Less Affordable Karin, Fischer, Rauf, Gönenç and Robert, Price = Autriche : Les carences du secteur public sont de moins en moins supportables / Karin, Fischer, Rauf, Gönenç et Robert, Price |
| title_full_unstemmed | Austria: Public Sector Inefficiencies Have Become Less Affordable Karin, Fischer, Rauf, Gönenç and Robert, Price = Autriche : Les carences du secteur public sont de moins en moins supportables / Karin, Fischer, Rauf, Gönenç et Robert, Price |
| title_short | Austria: Public Sector Inefficiencies Have Become Less Affordable |
| title_sort | austria public sector inefficiencies have become less affordable |
| topic | Economics Austria |
| topic_facet | Economics Austria |
| url | https://doi.org/10.1787/5kg3nzkxsv7c-en |
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