Medium-Term Budgetary Frameworks - Lessons for Austria from International Experience

June 1, 2008

Preview Citation

Format: Chicago

Erik J. Lundback Medium-Term Budgetary Frameworks - Lessons for Austria from International Experience, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

The Austrian government is about to introduce a new fiscal management framework. The first step is to introduce a medium-term budgetary framework, including an expenditure rule. The paper focuses on this first step. The purpose is to describe and evaluate the Austrian model in light of other countries' experiences with their frameworks. An attempt is made to identify features that have proven to be effective elsewhere and that can be applied to the Austrian case. The paper also identifies potential challenges and possible trade-offs when implementing the framework.

Subject: Budget planning and preparation, Expenditure, Fiscal policy, Fiscal rules, Medium-term budget frameworks

Keywords: Country, Fiscal policy rule, Government, WP

Publication Details

Pages:

30
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2008/163
Stock No:

WPIEA2008163
ISBN:

9781451870213
ISSN:

1018-5941

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