{"id":114412,"date":"2024-01-22T18:54:06","date_gmt":"2024-01-22T17:54:06","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/114412\/"},"modified":"2024-11-14T13:17:44","modified_gmt":"2024-11-14T12:17:44","slug":"options-for-the-consolidation-of-public-budgets-in-austria","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/114412\/","title":{"rendered":"Options for the Consolidation of Public Budgets in Austria"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-114412","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The Austrian Federal Government has set itself the goal to reduce the Maastricht deficit to 2.7 percent of the GDP by 2013. In the medium term, a consolidation of the public budgets will be necessary to regain room for manoeuvre for budget policy and to avoid undesirable distributive effects of the public debt. In the short term, the budget consolidation process may not leave the business cycle and the labour market unaffected; in the long term, the benefits following regained fiscal scope will also further growth and employment. One prerequisite for a successful budget consolidation strategy that will not dampen growth and employment in the long term is the accompanying implementation of an \"Active Component\" (\"Aktivkomponente\"), i.e., the priority of expenditure promoting growth. Furthermore, measures to support private consumption and investment should be taken. An \"Impulsprogramm 2010\" should be implemented prior to any budget consolidation measures.","onlinedate":"2010-07-20 02:00:00","lang":"English","publication_series":"","publication_date":"20100701","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Budget Consolidation\"]","jelcodes":"[]","related_publications":"[]","pdf":415034,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"15","monthly_report_pages":"184-197","monthly_report_pages_sort":"184","issue":"2","journal":"Austrian Economic Quarterly","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[183747],"research_groups":[3491,3500],"collaboration":"","persons":[4383,3792,3830],"persons_data":"[{\"personId\":4383,\"personName\":\"Karl Aiginger\",\"organisationNames\":[]},{\"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>Aiginger, K.<\\\/span><span>, Pitlik, H.<\\\/span><span>, &amp; Schratzenstaller, M.<\\\/span> (2010). <span>Options for the Consolidation of Public Budgets in Austria<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>15<\\\/em>(2), 184-197. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/40179\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/40179<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Aiginger K<\\\/span><span>, Pitlik H<\\\/span><span>, Schratzenstaller M<\\\/span>. <span class=\\\"title\\\"><span>Options for the Consolidation of Public Budgets in Austria<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 2010 Jul;15(2):184-197.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{a9d021c9073b497f984b9957866868fc,<\\\/div><div>  title    = \\\"Options for the Consolidation of Public Budgets in Austria\\\",<\\\/div><div>  abstract = \\\"The Austrian Federal Government has set itself the goal to reduce the Maastricht deficit to 2.7 percent of the GDP by 2013. In the medium term, a consolidation of the public budgets will be necessary to regain room for manoeuvre for budget policy and to avoid undesirable distributive effects of the public debt. In the short term, the budget consolidation process may not leave the business cycle and the labour market unaffected; in the long term, the benefits following regained fiscal scope will also further growth and employment. One prerequisite for a successful budget consolidation strategy that will not dampen growth and employment in the long term is the accompanying implementation of an {\\\"}Active Component{\\\"} ({\\\"}Aktivkomponente{\\\"}), i.e., the priority of expenditure promoting growth. Furthermore, measures to support private consumption and investment should be taken. An {\\\"}Impulsprogramm 2010{\\\"} should be implemented prior to any budget consolidation measures.\\\",<\\\/div><div>  keywords = \\\"Budget Consolidation, Budget Consolidation\\\",<\\\/div><div>  author   = \\\"Karl Aiginger and Hans Pitlik and Margit Schratzenstaller\\\",<\\\/div><div>  note     = \\\"Budget Consolidation: Framework Conditions\\\",<\\\/div><div>  year     = \\\"2010\\\",<\\\/div><div>  month    = jul,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"15\\\",<\\\/div><div>  pages    = \\\"184--197\\\",<\\\/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  - Options for the Consolidation of Public Budgets in Austria<\\\/p><p>AU  - Aiginger, Karl<\\\/p><p>AU  - Pitlik, Hans<\\\/p><p>AU  - Schratzenstaller, Margit<\\\/p><p>N1  - Budget Consolidation: Framework Conditions<\\\/p><p>PY  - 2010\\\/7<\\\/p><p>Y1  - 2010\\\/7<\\\/p><p>N2  - The Austrian Federal Government has set itself the goal to reduce the Maastricht deficit to 2.7 percent of the GDP by 2013. In the medium term, a consolidation of the public budgets will be necessary to regain room for manoeuvre for budget policy and to avoid undesirable distributive effects of the public debt. In the short term, the budget consolidation process may not leave the business cycle and the labour market unaffected; in the long term, the benefits following regained fiscal scope will also further growth and employment. One prerequisite for a successful budget consolidation strategy that will not dampen growth and employment in the long term is the accompanying implementation of an \\\"Active Component\\\" (\\\"Aktivkomponente\\\"), i.e., the priority of expenditure promoting growth. Furthermore, measures to support private consumption and investment should be taken. An \\\"Impulsprogramm 2010\\\" should be implemented prior to any budget consolidation measures.<\\\/p><p>AB  - The Austrian Federal Government has set itself the goal to reduce the Maastricht deficit to 2.7 percent of the GDP by 2013. In the medium term, a consolidation of the public budgets will be necessary to regain room for manoeuvre for budget policy and to avoid undesirable distributive effects of the public debt. In the short term, the budget consolidation process may not leave the business cycle and the labour market unaffected; in the long term, the benefits following regained fiscal scope will also further growth and employment. One prerequisite for a successful budget consolidation strategy that will not dampen growth and employment in the long term is the accompanying implementation of an \\\"Active Component\\\" (\\\"Aktivkomponente\\\"), i.e., the priority of expenditure promoting growth. Furthermore, measures to support private consumption and investment should be taken. An \\\"Impulsprogramm 2010\\\" should be implemented prior to any budget consolidation measures.<\\\/p><p>KW  - Budget Consolidation<\\\/p><p>KW  - Budget Consolidation<\\\/p><p>M3  - WIFO series<\\\/p><p>VL  - 15<\\\/p><p>SP  - 184<\\\/p><p>EP  - 197<\\\/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>Options for the Consolidation of Public Budgets in Austria - 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\/114412\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Options for the Consolidation of Public Budgets in Austria\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/114412\/\" \/>\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=\"2024-11-14T12:17:44+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\\\/114412\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/114412\\\/\",\"name\":\"Options for the Consolidation of Public Budgets in Austria - 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