Austria reports planned deficit of 3.2 percent to the EU Commission for 2023 – policy

2023-04-26 05:51:53

Vienna/Brussels – The federal government will report a planned deficit of 3.2 percent or 15.4 billion euros to the EU Commission for 2023. Only from next year does the stability program show a significant decline to 1.3 percent of GDP in 2026. The debt ratio is expected to fall from 77 percent of GDP in the current year to 71.4 percent in 2026 and thus only slightly more the rate in 2019 (70.6 percent) before the outbreak of the Covid-19 pandemic and the energy crisis.

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