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  1. OECD Economic Surveys: Austria
  2. Volume 2011
  3. Issue 012
  4. OECD Economic Surveys: Austria 2011
  5. Chapters
  6. Public sector inefficiencies have become less affordable
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Volume 2015
Volume 2013
Volume 2011
Issue 012
OECD Economic Surveys: Austria 2011
Chapters
Executive summary
Basic statistics of austria (2010)
Assessment and recommendations
Public sector inefficiencies have become less affordable
Reforming a highly regarded but costly health system
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Public sector inefficiencies have become less affordable

Content Provider OECD iLibrary
Organization OECD
Abstract Performance of fiscal policy, while good in international comparison, is not sufficient to prepare for future ageing related spending increases. Given favourable macroeconomic conditions, the pace of consolidation could be more ambitious than currently planned, with a view to reducing the debt burden below 60% of GDP by 2020. Austrian fiscal policies have tended to be pro-cyclical in upturns, mainly because spending was not adequately kept in check. Stronger fiscal rules and a reform of inter-governmental fiscal relations could help contain expenditure dynamics. Efficiency-raising reforms in key spending areas such as pensions and other social expenditures, health, and education are also highly needed to reduce spending and ensure the provision of high-quality public services at lower cost. In this regard, Austria should make full use of the performance budgeting framework it plans to introduce from 2013. Higher potential growth could also take off some of the pressure on public finances. There remains significant room to rebalance the tax structure towards less distortive sources of revenue, thus supporting employment and growth.
Page Count 32
Starting Page 47
Ending Page 78
Language English
Publisher OECD Publishing
Publisher Date 2011-07-11
Access Restriction Open
Subject Keyword Economics
Content Type Text
Resource Type Chapter
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