Austria Selected Issues

This Selected Issues paper presents a comparison on public expenditure of Austria and other countries. In the past decade, Austria’s government expenditure growth has been very steady, thus avoiding the boom–bust pattern of some other European countries. However, expenditure levels are relatively hi...

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Bibliographic Details
Corporate Author: International Monetary Fund European Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2014
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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300 |a 37 pages 
651 4 |a Austria 
653 |a Banks and banking, Foreign 
653 |a Payment Systems 
653 |a Real Estate 
653 |a Banks 
653 |a Public finance & taxation 
653 |a Banks and banking 
653 |a Industries: Financial Services 
653 |a Regimes 
653 |a Housing; Prices 
653 |a Mortgages 
653 |a Money 
653 |a National Government Expenditures and Related Policies: General 
653 |a Property & real estate 
653 |a Standards 
653 |a Demography 
653 |a Macroeconomics 
653 |a Banking 
653 |a Depository Institutions 
653 |a Government and the Monetary System 
653 |a National Government Expenditures and Health 
653 |a Monetary economics 
653 |a Financial institutions 
653 |a Health care spending 
653 |a Housing Supply and Markets 
653 |a Micro Finance Institutions 
653 |a Expenditure 
653 |a Banks and Banking 
653 |a Monetary Systems 
653 |a Expenditures, Public 
653 |a Prices 
653 |a Foreign exchange market 
653 |a Foreign currency exposure 
653 |a Public Finance 
653 |a Money and Monetary Policy 
653 |a Foreign banks 
653 |a Housing prices 
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520 |a This Selected Issues paper presents a comparison on public expenditure of Austria and other countries. In the past decade, Austria’s government expenditure growth has been very steady, thus avoiding the boom–bust pattern of some other European countries. However, expenditure levels are relatively high, and the difference with Germany has been widening. Compared with other countries, spending is particularly high for pensions, capital transfers and subsidies, including in the transport sector. According to economic classification, the composition of expenditure in the main categories has been more stable. Social benefits and transfers in kind, increasing by 0.7 percentage points between 2002 and 2012, have remained the highest component by far. Nevertheless, expenditure levels in Austria are relatively high, and the difference with Germany has been widening. A cross-country analysis of public spending by different type of categories shows several areas where spending stands out