{"id":107640,"date":"2024-01-22T15:16:07","date_gmt":"2024-01-22T14:16:07","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/107640\/"},"modified":"2024-11-07T03:21:26","modified_gmt":"2024-11-07T02:21:26","slug":"federal-budget-2003-04-postponing-the-goal-of-a-balanced-budget-2","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/107640\/","title":{"rendered":"Federal Budget 2003-04: Postponing the Goal of a Balanced Budget"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-107640","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"A stagnating economy and a marked rise in unemployment prevented the attainment of a balanced public budget in 2002. Because of the persistent cyclical weakness and of the tax reform envisaged for 2004-05, a balanced budget position will be achieved only after 2007. In spite of a noticeable increase in the debt ratio, which is the result of statistical revisions, Austria's budgetary position compares favourably with the EU average. To achieve medium-term fiscal consolidation the government aims at reducing the revenue and expenditure ratios. Starting with 2004 there will be a decline in the share of transfer expenditures. Tax revenues will gain in importance within total federal revenues; a shift from direct taxes to indirect taxes can be observed.","onlinedate":"2003-10-28 01:00:00","lang":"English","publication_series":"","publication_date":"20031001","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":317300,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"8","monthly_report_pages":"102-117","monthly_report_pages_sort":"102","issue":"3","journal":"Austrian Economic Quarterly","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[183747],"research_groups":[3500],"collaboration":"","persons":[3953,3830],"persons_data":"[{\"personId\":3953,\"personName\":\"Gerhard Lehner\",\"organisationNames\":[]},{\"personId\":3830,\"personName\":\"Margit Schratzenstaller\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Lehner, G.<\\\/span><span>, &amp; Schratzenstaller, M.<\\\/span> (2003). <span>Federal Budget 2003-04: Postponing the Goal of a Balanced Budget<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>8<\\\/em>(3), 102-117. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/24632\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/24632<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Lehner G<\\\/span><span>, Schratzenstaller M<\\\/span>. <span class=\\\"title\\\"><span>Federal Budget 2003-04: Postponing the Goal of a Balanced Budget<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 2003 Oct;8(3):102-117.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{d3a01fb7043c49bd826fa15258fce505,<\\\/div><div>  title    = \\\"Federal Budget 2003-04: Postponing the Goal of a Balanced Budget\\\",<\\\/div><div>  abstract = \\\"A stagnating economy and a marked rise in unemployment prevented the attainment of a balanced public budget in 2002. Because of the persistent cyclical weakness and of the tax reform envisaged for 2004-05, a balanced budget position will be achieved only after 2007. In spite of a noticeable increase in the debt ratio, which is the result of statistical revisions, Austria's budgetary position compares favourably with the EU average. To achieve medium-term fiscal consolidation the government aims at reducing the revenue and expenditure ratios. Starting with 2004 there will be a decline in the share of transfer expenditures. Tax revenues will gain in importance within total federal revenues; a shift from direct taxes to indirect taxes can be observed.\\\",<\\\/div><div>  keywords = \\\"budget policy; public budget; public revenues; public expenditure; taxes; public debt; Austria\\\",<\\\/div><div>  author   = \\\"Gerhard Lehner and Margit Schratzenstaller\\\",<\\\/div><div>  note     = \\\"Federal Budget 2003 and 2004\\\",<\\\/div><div>  year     = \\\"2003\\\",<\\\/div><div>  month    = oct,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"8\\\",<\\\/div><div>  pages    = \\\"102--117\\\",<\\\/div><div>  journal  = \\\"Austrian Economic Quarterly\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Federal Budget 2003-04: Postponing the Goal of a Balanced Budget<\\\/p><p>AU  - Lehner, Gerhard<\\\/p><p>AU  - Schratzenstaller, Margit<\\\/p><p>N1  - Federal Budget 2003 and 2004<\\\/p><p>PY  - 2003\\\/10<\\\/p><p>Y1  - 2003\\\/10<\\\/p><p>N2  - A stagnating economy and a marked rise in unemployment prevented the attainment of a balanced public budget in 2002. Because of the persistent cyclical weakness and of the tax reform envisaged for 2004-05, a balanced budget position will be achieved only after 2007. In spite of a noticeable increase in the debt ratio, which is the result of statistical revisions, Austria's budgetary position compares favourably with the EU average. To achieve medium-term fiscal consolidation the government aims at reducing the revenue and expenditure ratios. Starting with 2004 there will be a decline in the share of transfer expenditures. Tax revenues will gain in importance within total federal revenues; a shift from direct taxes to indirect taxes can be observed.<\\\/p><p>AB  - A stagnating economy and a marked rise in unemployment prevented the attainment of a balanced public budget in 2002. Because of the persistent cyclical weakness and of the tax reform envisaged for 2004-05, a balanced budget position will be achieved only after 2007. In spite of a noticeable increase in the debt ratio, which is the result of statistical revisions, Austria's budgetary position compares favourably with the EU average. To achieve medium-term fiscal consolidation the government aims at reducing the revenue and expenditure ratios. Starting with 2004 there will be a decline in the share of transfer expenditures. Tax revenues will gain in importance within total federal revenues; a shift from direct taxes to indirect taxes can be observed.<\\\/p><p>KW  - budget policy; public budget; public revenues; public expenditure; taxes; public debt; Austria<\\\/p><p>M3  - WIFO series<\\\/p><p>VL  - 8<\\\/p><p>SP  - 102<\\\/p><p>EP  - 117<\\\/p><p>JO  - Austrian Economic Quarterly<\\\/p><p>JF  - Austrian Economic Quarterly<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Federal Budget 2003-04: Postponing the Goal of a Balanced Budget - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/107640\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Federal Budget 2003-04: Postponing the Goal of a Balanced Budget\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/107640\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-07T02:21:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/107640\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/107640\\\/\",\"name\":\"Federal Budget 2003-04: Postponing the Goal of a Balanced Budget - 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