Austria Selected Issues

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 longe...

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Bibliographic Details
Corporate Author: International Monetary Fund European Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2016
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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020 |a 9781498328210 
245 0 0 |a Austria  |b Selected Issues 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2016 
300 |a 41 pages 
651 4 |a Austria 
653 |a Population & demography 
653 |a Health 
653 |a Revenue administration 
653 |a Migration 
653 |a Economics of the Handicapped 
653 |a Labour 
653 |a Non-labor Market Discrimination 
653 |a Public finance & taxation 
653 |a National Government Expenditures and Health 
653 |a International Migration 
653 |a Health care spending 
653 |a Migration, immigration & emigration 
653 |a Emigration and immigration 
653 |a Economics of the Elderly 
653 |a Demand and Supply of Labor: General 
653 |a Aging 
653 |a Population aging 
653 |a National Government Expenditures and Related Policies: General 
653 |a Labor 
653 |a Health economics 
653 |a Population and demographics 
653 |a Expenditure 
653 |a Demography 
653 |a Expenditures, Public 
653 |a Labor market 
653 |a Emigration and Immigration 
653 |a Public Finance 
653 |a Income economics 
653 |a Revenue 
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490 0 |a IMF Staff Country Reports 
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082 0 |a 330 
520 |a 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