Budget Consolidation Taking into Account Planned Revenue-side Measures (Tax Reforms) and Possible Expenditure-side Stimulus Packages and Sustainability of Public Finances After the COVID-19 Crisis

This research study is a collaborative project of EcoAustria, IHS and WIFO. The overall project examines how the COVID-19 crisis and the government rescue, support and economic stimulus measures adopted by the Austrian government affect the sustainability of public finances. The WIFO sub-project discusses basic political-economic and institutional questions of an appropriate fiscal consolidation strategy. The aim is to illustrate and critically analyse the institutional framework conditions of the general government budget consolidation in the European context and in Austria's federal system.