{"id":117028,"date":"2024-01-22T20:19:07","date_gmt":"2024-01-22T19:19:07","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/117028\/"},"modified":"2026-02-17T16:42:53","modified_gmt":"2026-02-17T15:42:53","slug":"between-consolidation-and-growth-federal-financial-framework-2013-2016-consolidation-package-ii-and-stability-programme","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/117028\/","title":{"rendered":"Between Consolidation and Growth: Federal Financial Framework 2013-2016, \"Consolidation Package II\" and Stability Programme"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-117028","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The government debt ratio in Austria will rise above 74 percent of GDP in 2012. The quantifiable costs of the financial market crisis and the global recession account for nearly 7\u00be percentage points of this ratio, further discretionary measures and statistical revisions for the last few years add nearly 6 percentage points. The \"consolidation package\" adopted in spring 2012 is to ensure a balanced general government budget (according to the Maastricht definition) by 2016. In addition, it is intended to reduce the structural deficit to 0.4 percent of GDP and the debt ratio to 70.6 percent of GDP.","onlinedate":"2012-09-27 02:00:00","lang":"English","publication_series":"","publication_date":"20120901","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Consolidation Package Stability Programme Federal Financial Framework\"]","jelcodes":"[]","related_publications":"[]","pdf":441799,"zip":null,"link":"https:\/\/www.wifo.ac.at\/wwa\/pubid\/45358","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"17","monthly_report_pages":"187-206","monthly_report_pages_sort":"187","issue":"3","journal":"Austrian Economic Quarterly","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[183747],"research_groups":[3500],"collaboration":"","persons":[3830],"persons_data":"[{\"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>Schratzenstaller, M.<\\\/span> (2012). <span>Between Consolidation and Growth: Federal Financial Framework 2013-2016, \\\"Consolidation Package II\\\" and Stability Programme<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>17<\\\/em>(3), 187-206. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/45358\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/45358<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Schratzenstaller M<\\\/span>. <span class=\\\"title\\\"><span>Between Consolidation and Growth: Federal Financial Framework 2013-2016, \\\"Consolidation Package II\\\" and Stability Programme<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 2012 Sept;17(3):187-206.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{fd7d96bb203e4a12bf723828aefe4b6d,<\\\/div><div>  title    = \\\"Between Consolidation and Growth: Federal Financial Framework 2013-2016, {\\\"}Consolidation Package II{\\\"} and Stability Programme\\\",<\\\/div><div>  abstract = \\\"The government debt ratio in Austria will rise above 74 percent of GDP in 2012. The quantifiable costs of the financial market crisis and the global recession account for nearly 7\u00be percentage points of this ratio, further discretionary measures and statistical revisions for the last few years add nearly 6 percentage points. The {\\\"}consolidation package{\\\"} adopted in spring 2012 is to ensure a balanced general government budget (according to the Maastricht definition) by 2016. In addition, it is intended to reduce the structural deficit to 0.4 percent of GDP and the debt ratio to 70.6 percent of GDP.\\\",<\\\/div><div>  keywords = \\\"Consolidation Package Stability Programme Federal Financial Framework, Consolidation Package Stability Programme Federal Financial Framework\\\",<\\\/div><div>  author   = \\\"Margit Schratzenstaller\\\",<\\\/div><div>  note     = \\\"Consolidation Programme\\\",<\\\/div><div>  year     = \\\"2012\\\",<\\\/div><div>  month    = sep,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"17\\\",<\\\/div><div>  pages    = \\\"187--206\\\",<\\\/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  - Between Consolidation and Growth: Federal Financial Framework 2013-2016, \\\"Consolidation Package II\\\" and Stability Programme<\\\/p><p>AU  - Schratzenstaller, Margit<\\\/p><p>N1  - Consolidation Programme<\\\/p><p>PY  - 2012\\\/9<\\\/p><p>Y1  - 2012\\\/9<\\\/p><p>N2  - The government debt ratio in Austria will rise above 74 percent of GDP in 2012. The quantifiable costs of the financial market crisis and the global recession account for nearly 7\u00be percentage points of this ratio, further discretionary measures and statistical revisions for the last few years add nearly 6 percentage points. The \\\"consolidation package\\\" adopted in spring 2012 is to ensure a balanced general government budget (according to the Maastricht definition) by 2016. In addition, it is intended to reduce the structural deficit to 0.4 percent of GDP and the debt ratio to 70.6 percent of GDP.<\\\/p><p>AB  - The government debt ratio in Austria will rise above 74 percent of GDP in 2012. The quantifiable costs of the financial market crisis and the global recession account for nearly 7\u00be percentage points of this ratio, further discretionary measures and statistical revisions for the last few years add nearly 6 percentage points. The \\\"consolidation package\\\" adopted in spring 2012 is to ensure a balanced general government budget (according to the Maastricht definition) by 2016. 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