Austria: Selected Issues

February 12, 2016

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Austria: Selected Issues, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

This paper reviews two main issues pertaining to Austrian economy: (1) Austria's long-term fiscal sustainability in light of current tax and expenditure trends, and (2) Austria's macroeconomic challenges and opportunities due to immigration. To maintain fiscal sustainability over the longer run, Austria needs to implement a strategy based on structural expenditure consolidation. Attention to the structure of Austrian taxes and expenditure is germane because this displays important differences vis-á-vis European peers. In 2015, Austria has recorded about 90,000 asylum applicants, making it one of the top three host countries relative to its population. Austria attracts immigrant populations that improve the characteristics of its labor force.

Subject: Aging, Expenditure, Health, Health care spending, Migration, Population and demographics, Revenue administration

Keywords: Aging, Austria, CR, Europe, Global, Health care spending, Immigrant, Immigrants' impact, Immigrants influence, Integration policy, ISCR, Labor market, Migration, OECD ACA, Parameter combinations immigrant, Public expenditure, Tax, Well-educated immigrant

Publication Details

Pages:

41
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/051
Stock No:

1AUTEA2016002
ISBN:

9781498328210
ISSN:

1934-7685

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