IMF Staff Country Reports

Austria: Staff Report for the 2003 Article IV Consultation

Publication Date:

November 26, 2003

Electronic Access:

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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.

Series:

Country Report No. 2003/372

Subject:

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