{"id":113462,"date":"2024-01-22T18:33:30","date_gmt":"2024-01-22T17:33:30","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/113462\/"},"modified":"2024-11-07T04:13:23","modified_gmt":"2024-11-07T03:13:23","slug":"finanzmarktkrise-und-oeffentliche-haushalte-2","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/113462\/","title":{"rendered":"Financial Market Crisis and Public Budgets"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-113462","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The budget plan drawn up in the Austrian Stability Programme 2009-2013 projects government net borrowing above the Maastricht limit of 3 percent of GDP for at least five years. The debt ratio will rise from just below 60 percent of GDP in 2008 to almost 80 percent of GDP in 2013. Fiscal developments expected for the coming years can largely be attributed to the effects of the financial and economic crisis. Austria adopted a set of measures to stabilise the financial market and responded to the drastic worsening of the economic outlook with active discretionary economic stimulus measures. The shortfall in cyclical tax revenues and social contributions as well as additional spending on unemployment benefits and social welfare generate substantial additional budgetary costs.","onlinedate":"2009-12-21 01:00:00","lang":"German","publication_series":"","publication_date":"20091201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Finanzmarktkrise Budgetkonsolidierung\"]","jelcodes":"[]","related_publications":"[]","pdf":335848,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"82","monthly_report_pages":"961-966","monthly_report_pages_sort":"961","issue":"12","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"research_groups":[3500],"collaboration":"","persons":[3792,3830],"persons_data":"[{\"personId\":3792,\"personName\":\"Hans Pitlik\",\"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>Pitlik, H.<\\\/span><span>, &amp; Schratzenstaller, M.<\\\/span> (2009). <span>Finanzmarktkrise und \u00f6ffentliche Haushalte<\\\/span>. <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>82<\\\/em>(12), 961-966. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/37861\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/37861<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Pitlik H<\\\/span><span>, Schratzenstaller M<\\\/span>. <span class=\\\"title\\\"><span>Finanzmarktkrise und \u00f6ffentliche Haushalte<\\\/span><\\\/span>. <span>WIFO-Monatsberichte<\\\/span>. 2009 Dec;82(12):961-966.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{034e3eab75db40018cdf9109c2af2216,<\\\/div><div>  title    = \\\"Finanzmarktkrise und {\\\\\\\"o}ffentliche Haushalte\\\",<\\\/div><div>  abstract = \\\"Die in den n{\\\\\\\"a}chsten Jahren zu erwartenden hohen staatlichen Defizite sind zu einem betr{\\\\\\\"a}chtlichen Teil auf die Budgetwirkungen der Finanzmarkt- und Wirtschaftskrise zur{\\\\\\\"u}ckzuf{\\\\\\\"u}hren. Vor dem Hintergrund langfristiger Budgetbelastungen durch den zunehmenden Schuldendienst und durch demographisch bedingte Ausgabensteigerungen stellt sich umso dringlicher die Frage nach einer geeigneten Strategie zur Haushaltssanierung nach {\\\\\\\"U}berwindung der Krise. Konsolidierungspotentiale f{\\\\\\\"u}r die {\\\\\\\"o}ffentlichen Haushalte sind dabei vorwiegend auf der Ausgabenseite zu finden. Auf der Einnahmenseite ist der Konsolidierungsspielraum dagegen eher begrenzt.\\\",<\\\/div><div>  keywords = \\\"Finanzmarktkrise Budgetkonsolidierung, Finanzmarktkrise Budgetkonsolidierung\\\",<\\\/div><div>  author   = \\\"Hans Pitlik and Margit Schratzenstaller\\\",<\\\/div><div>  note     = \\\"Finanzmarktkrise {\\\\\\\"O}ffentliche Haushalte\\\",<\\\/div><div>  year     = \\\"2009\\\",<\\\/div><div>  month    = dec,<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"82\\\",<\\\/div><div>  pages    = \\\"961--966\\\",<\\\/div><div>  journal  = \\\"WIFO-Monatsberichte\\\",<\\\/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  - Finanzmarktkrise und \u00f6ffentliche Haushalte<\\\/p><p>AU  - Pitlik, Hans<\\\/p><p>AU  - Schratzenstaller, Margit<\\\/p><p>N1  - Finanzmarktkrise \u00d6ffentliche Haushalte<\\\/p><p>PY  - 2009\\\/12<\\\/p><p>Y1  - 2009\\\/12<\\\/p><p>N2  - Die in den n\u00e4chsten Jahren zu erwartenden hohen staatlichen Defizite sind zu einem betr\u00e4chtlichen Teil auf die Budgetwirkungen der Finanzmarkt- und Wirtschaftskrise zur\u00fcckzuf\u00fchren. Vor dem Hintergrund langfristiger Budgetbelastungen durch den zunehmenden Schuldendienst und durch demographisch bedingte Ausgabensteigerungen stellt sich umso dringlicher die Frage nach einer geeigneten Strategie zur Haushaltssanierung nach \u00dcberwindung der Krise. Konsolidierungspotentiale f\u00fcr die \u00f6ffentlichen Haushalte sind dabei vorwiegend auf der Ausgabenseite zu finden. Auf der Einnahmenseite ist der Konsolidierungsspielraum dagegen eher begrenzt.<\\\/p><p>AB  - Die in den n\u00e4chsten Jahren zu erwartenden hohen staatlichen Defizite sind zu einem betr\u00e4chtlichen Teil auf die Budgetwirkungen der Finanzmarkt- und Wirtschaftskrise zur\u00fcckzuf\u00fchren. Vor dem Hintergrund langfristiger Budgetbelastungen durch den zunehmenden Schuldendienst und durch demographisch bedingte Ausgabensteigerungen stellt sich umso dringlicher die Frage nach einer geeigneten Strategie zur Haushaltssanierung nach \u00dcberwindung der Krise. Konsolidierungspotentiale f\u00fcr die \u00f6ffentlichen Haushalte sind dabei vorwiegend auf der Ausgabenseite zu finden. Auf der Einnahmenseite ist der Konsolidierungsspielraum dagegen eher begrenzt.<\\\/p><p>KW  - Finanzmarktkrise Budgetkonsolidierung<\\\/p><p>KW  - Finanzmarktkrise Budgetkonsolidierung<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>VL  - 82<\\\/p><p>SP  - 961<\\\/p><p>EP  - 966<\\\/p><p>JO  - WIFO-Monatsberichte<\\\/p><p>JF  - WIFO-Monatsberichte<\\\/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>Financial Market Crisis and Public Budgets - 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\/113462\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Market Crisis and Public Budgets\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/113462\/\" \/>\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=\"2024-11-07T03:13:23+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\\\/113462\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/113462\\\/\",\"name\":\"Financial Market Crisis and Public Budgets - 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