WIFO-Monatsberichte (monthly reports)

The WIFO-Monatsberichte (monthly reports) contain research results and publications by WIFO staff on national and international economic developments based on sound economic analyses. Additionally, important key figures on the international and Austrian economic situation are published in the WIFO-Monatsberichte.

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Jesús Crespo Cuaresma (Vienna University of Economics and Business)
Claudia Kemfert (German Institute for Economic Research)
Philipp Schmidt-Dengler (University of Vienna)
Jens Südekum (Heinrich Heine University Düsseldorf)
Andrea Weber (Central European University)

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Budgetvoranschlag zwischen COVID-19- und Anti-Teuerungsmaßnahmen. Bundesvoranschlag 2023 und Mittelfristiger Finanzrahmen 2023 bis 2026 (Draft Budget between COVID-19 and Anti-inflation Measures. Draft Federal Budget 2023 and Medium-term Fiscal Framework 2023-2026)
WIFO-Monatsberichte, 2022, 95(12), pp.795-807
Online since: 23.12.2022 0:00
 
Die Rahmenbedingungen der Budgeterstellung sind auch im Herbst 2022 sehr schwierig. Dem Rückgang der COVID-19-bedingten Aufwendungen stehen erhebliche Mehrausgaben zur Abfederung der Effekte des anhaltenden Verbraucherpreisauftriebs, speziell des Anstiegs der Energiepreise, gegenüber. Zwar gehen sowohl das Maastricht-Defizit als auch die Schuldenquote mittelfristig zurück, dies ist jedoch wesentlich dem inflationsbedingt hohen BIP-Wachstum geschuldet. Das steigende Zinsniveau, der dringende Nachholbedarf im Verteidigungsbudget und die Investitionsbedarfe in wichtigen Zukunftsfeldern (Klimaschutz, Kinderbetreuung, Bildung und Qualifizierung) verstärken ebenso wie wachsende Ausgaben in demografiesensiblen Bereichen (Pflege, Gesundheit, Pensionen) die Dringlichkeit von Strukturreformen und Effizienzsteigerungen im öffentlichen Sektor.
Keywords:COVID-19, Energiekrise, Maastricht-Defizit, Verschuldung, Krisenmanagement, Budgetpolitik, Bundesbudget, Verteidigungsausgaben
Research group:Macroeconomics and Public Finance
Language:German

Draft Budget between COVID-19 and Anti-inflation Measures. Draft Federal Budget 2023 and Medium-term Fiscal Framework 2023-2026
Also in autumn 2022, economic conditions for preparing the draft budget are very difficult. The decline in COVID-19 related expenditures is offset by considerable additional expenditures to cushion the effects of the continuing increase in consumer prices, especially energy prices. Although the Maastricht deficit and debt ratios are declining over the medium term, this is largely due to the high inflation-driven nominal GDP growth. The rising interest rate level, the urgent need to catch up in the defence budget and the investment needs in important future-oriented areas (climate protection, childcare, education and qualification) as well as rising expenditures in areas influenced by demographic developments (long-term care, health, pensions) increase the urgency of structural reforms and efficiency enhancements in the public sector.

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