{"id":54555,"date":"2023-12-01T18:23:29","date_gmt":"2023-12-01T17:23:29","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/budgeterstellung-in-oesterreich-waehrend-des-ausbruchs-der-covid-19-pandemie\/"},"modified":"2024-11-07T06:16:33","modified_gmt":"2024-11-07T05:16:33","slug":"budgeterstellung-in-oesterreich-waehrend-des-ausbruchs-der-covid-19-pandemie","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/54555\/","title":{"rendered":"Budgeting in Austria During the Outbreak of the COVID-19 Pandemic"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-54555","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The COVID-19 crisis has a considerable impact on public finances in Austria. A part of the rescue measures totalling 38 billion \u20ac at the federal level and 1.4 billion \u20ac at the level of the L\u00e4nder (altogether 9.9 percent of GDP of 2019) will immediately worsen the budget balance. Moreover, the COVID-19-induced recession will cause public expenditures to increase (e.g., unemployment or social assistance payments) and cyclically sensitive taxes to decrease (automatic stabilisers). The Maastricht deficit is expected to increase to \u20137.4 percent of GDP in 2020 and to \u20133.3 percent in 2021. The debt ratio will rise to above 80 percent of GDP. Due to the uncertainties surrounding duration and depth of the recession as well as the take-up of the rescue measures the budgetary forecast is subject to considerable uncertainty.","onlinedate":"2020-05-29 12:00:00","lang":"German","publication_series":"","publication_date":"20200501","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":382488,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"93","monthly_report_pages":"355-361","monthly_report_pages_sort":"355","issue":"5","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":"2020-05-29 12:00:00","types":[44312],"research_groups":[3500],"collaboration":"","persons":[3859,3792,3830],"persons_data":"[{\"personId\":3859,\"personName\":\"Simon Loretz\",\"organisationNames\":[]},{\"personId\":3792,\"personName\":\"Hans Pitlik\",\"organisationNames\":[]},{\"personId\":3830,\"personName\":\"Margit Schratzenstaller\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[41281],"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>Loretz, S.<\\\/span><span>, Pitlik, H.<\\\/span><span>, &amp; Schratzenstaller, M.<\\\/span> (2020). <span>Budgeterstellung in \u00d6sterreich w\u00e4hrend des Ausbruchs der COVID-19-Pandemie<\\\/span>. <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>93<\\\/em>(5), 355-361. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/66020\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/66020<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Loretz S<\\\/span><span>, Pitlik H<\\\/span><span>, Schratzenstaller M<\\\/span>. <span class=\\\"title\\\"><span>Budgeterstellung in \u00d6sterreich w\u00e4hrend des Ausbruchs der COVID-19-Pandemie<\\\/span><\\\/span>. <span>WIFO-Monatsberichte<\\\/span>. 2020 May;93(5):355-361.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{d0247e380b97448fa840ed9d89503a39,<\\\/div><div>  title    = \\\"Budgeterstellung in {\\\\\\\"O}sterreich w{\\\\\\\"a}hrend des Ausbruchs der COVID-19-Pandemie\\\",<\\\/div><div>  abstract = \\\"Die COVID-19-Krise hat deutliche Auswirkungen auf die {\\\\\\\"o}ffentlichen Haushalte in {\\\\\\\"O}sterreich. Ein Teil der Hilfsma{\\\\ss}nahmen im Umfang von 38 Mrd. \u20ac auf Bundesebene und von 1,4 Mrd. \u20ac auf Ebene der Bundesl{\\\\\\\"a}nder (insgesamt 9,9\\\\% des BIP von 2019) wird unmittelbar budgetwirksam. Zudem l{\\\\\\\"o}st der COVID-19-bedingte Konjunktureinbruch automatische Mehrausgaben (z. B. Arbeitslosen- oder Sozialhilfezahlungen) und Mindereinnahmen an konjunkturreagiblen Abgaben bzw. Steuern aus (automatische Stabilisatoren). So wird sich das Maastricht-Defizit 2020 auf \u20137,4\\\\% und 2021 auf \u20133,3\\\\% des BIP erh{\\\\\\\"o}hen. Der Schuldenstand wird auf {\\\\\\\"u}ber 80\\\\% des BIP steigen. Aufgrund der Unsicherheit {\\\\\\\"u}ber die Dauer und Tiefe der Rezession sowie die Inanspruchnahme der Hilfsma{\\\\ss}nahmen ist auch die Budgetprognose mit gro{\\\\ss}er Unsicherheit verbunden.\\\",<\\\/div><div>  keywords = \\\"Pandemie, automatische Stabilisatoren, diskretion{\\\\\\\"a}re Fiskalpolitik, Unternehmensliquidit{\\\\\\\"a}t\\\",<\\\/div><div>  author   = \\\"Simon Loretz and Hans Pitlik and Margit Schratzenstaller\\\",<\\\/div><div>  note     = \\\"COVID-19-Krise: Budget\\\",<\\\/div><div>  year     = \\\"2020\\\",<\\\/div><div>  month    = may,<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"93\\\",<\\\/div><div>  pages    = \\\"355--361\\\",<\\\/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  - Budgeterstellung in \u00d6sterreich w\u00e4hrend des Ausbruchs der COVID-19-Pandemie<\\\/p><p>AU  - Loretz, Simon<\\\/p><p>AU  - Pitlik, Hans<\\\/p><p>AU  - Schratzenstaller, Margit<\\\/p><p>N1  - COVID-19-Krise: Budget<\\\/p><p>PY  - 2020\\\/5<\\\/p><p>Y1  - 2020\\\/5<\\\/p><p>N2  - Die COVID-19-Krise hat deutliche Auswirkungen auf die \u00f6ffentlichen Haushalte in \u00d6sterreich. Ein Teil der Hilfsma\u00dfnahmen im Umfang von 38 Mrd. \u20ac auf Bundesebene und von 1,4 Mrd. \u20ac auf Ebene der Bundesl\u00e4nder (insgesamt 9,9% des BIP von 2019) wird unmittelbar budgetwirksam. Zudem l\u00f6st der COVID-19-bedingte Konjunktureinbruch automatische Mehrausgaben (z. B. Arbeitslosen- oder Sozialhilfezahlungen) und Mindereinnahmen an konjunkturreagiblen Abgaben bzw. Steuern aus (automatische Stabilisatoren). So wird sich das Maastricht-Defizit 2020 auf \u20137,4% und 2021 auf \u20133,3% des BIP erh\u00f6hen. Der Schuldenstand wird auf \u00fcber 80% des BIP steigen. Aufgrund der Unsicherheit \u00fcber die Dauer und Tiefe der Rezession sowie die Inanspruchnahme der Hilfsma\u00dfnahmen ist auch die Budgetprognose mit gro\u00dfer Unsicherheit verbunden.<\\\/p><p>AB  - Die COVID-19-Krise hat deutliche Auswirkungen auf die \u00f6ffentlichen Haushalte in \u00d6sterreich. Ein Teil der Hilfsma\u00dfnahmen im Umfang von 38 Mrd. \u20ac auf Bundesebene und von 1,4 Mrd. \u20ac auf Ebene der Bundesl\u00e4nder (insgesamt 9,9% des BIP von 2019) wird unmittelbar budgetwirksam. Zudem l\u00f6st der COVID-19-bedingte Konjunktureinbruch automatische Mehrausgaben (z. B. Arbeitslosen- oder Sozialhilfezahlungen) und Mindereinnahmen an konjunkturreagiblen Abgaben bzw. Steuern aus (automatische Stabilisatoren). So wird sich das Maastricht-Defizit 2020 auf \u20137,4% und 2021 auf \u20133,3% des BIP erh\u00f6hen. Der Schuldenstand wird auf \u00fcber 80% des BIP steigen. Aufgrund der Unsicherheit \u00fcber die Dauer und Tiefe der Rezession sowie die Inanspruchnahme der Hilfsma\u00dfnahmen ist auch die Budgetprognose mit gro\u00dfer Unsicherheit verbunden.<\\\/p><p>KW  - Pandemie<\\\/p><p>KW  -  automatische Stabilisatoren<\\\/p><p>KW  -  diskretion\u00e4re Fiskalpolitik<\\\/p><p>KW  -  Unternehmensliquidit\u00e4t<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>VL  - 93<\\\/p><p>SP  - 355<\\\/p><p>EP  - 361<\\\/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>Budgeting in Austria During the Outbreak of the COVID-19 Pandemic - 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\/54555\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Budgeting in Austria During the Outbreak of the COVID-19 Pandemic\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/54555\/\" \/>\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=\"2024-11-07T05:16:33+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\\\/54555\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/54555\\\/\",\"name\":\"Budgeting in Austria During the Outbreak of the COVID-19 Pandemic - 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