Austria: Fiscal Transparency Evaluation

International Monetary Fund

No 2018/193, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper evaluates the state of fiscal transparency in Austria. Austria has built strong fiscal institutions over the past decade, notably through the budget reforms introduced in 2009 and 2013, which have significantly improved fiscal transparency. Many elements of sound fiscal transparency practices are in place in Austria. Fiscal reports, covering a substantial part of public activities, are published in a frequent and timely manner and include reconciliations between alternative measures of fiscal aggregates. Budgets and forecasts have a clearer medium-term and performance-oriented focus, and are guided by clear fiscal policy objectives, the compliance with which is subject to independent scrutiny. In addition, there is regular, high-quality reporting on the long-term sustainability of public finances.

Keywords: ISCR; CR; evaluation; budget reform; report; fiscal policy objective; balance sheet; state government; government of Austria; central government; financial assets; District authority; pension liability; revenue government; government unit; debt portfolio; operating statement; BMF authority; Budget planning and preparation; Fiscal risks; Financial statements; Fiscal reporting; Global (search for similar items in EconPapers)
Pages: 87
Date: 2018-06-27
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