Austria: Staff Report for the 2003 Article IV Consultation

November 26, 2003

Preview Citation

Format: Chicago

Austria: Staff Report for the 2003 Article IV Consultation, (USA: International Monetary Fund, 2003) accessed November 21, 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:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2003/372
Stock No:

1AUTEA0012003
ISBN:

9781451802290
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports