Austria: Selected Issues

International Monetary Fund

No 2007/143, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper focuses on the medium-term budgetary framework (MTBF) for Austria. Austria is part of a trend among many countries to consider some form of MTBF. This paper describes the proposed framework in Austria and assesses it in light of the experience of other countries. The general conclusion is that the track records are mixed, but that, on balance, the experiences with MTBFs have been favorable. The paper also examines the long-term fiscal challenges arising from demographic change.

Keywords: ISCR; CR; retirement age; expenditure; fiscal policy rule; early retirement; pension expenditure; expenditure projection; multiyear expenditure rule; pension pillar; medium-term-oriented fiscal policies; corridor pension; Pension spending; Aging; Medium-term budget frameworks; Retirement; Australia and New Zealand; Europe (search for similar items in EconPapers)
Pages: 45
Date: 2007-05-02
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2007/143

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