{"id":55613,"date":"2023-12-01T18:47:43","date_gmt":"2023-12-01T17:47:43","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/bundeshaushalt-und-staatsschuld-in-der-covid-19-krise-bundesvoranschlag-2021-und-mittelfristiger-finanzrahmen-2021-bis-2024\/"},"modified":"2024-11-07T06:24:43","modified_gmt":"2024-11-07T05:24:43","slug":"bundeshaushalt-und-staatsschuld-in-der-covid-19-krise-bundesvoranschlag-2021-und-mittelfristiger-finanzrahmen-2021-bis-2024","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/55613\/","title":{"rendered":"Federal Budget and Public Debt During the COVID-19-Crisis. Federal Budget 2021 and Medium-term Financial Framework 2021 to 2024"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-55613","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Uncertainties about macroeconomic and epidemiologic developments are shaping the budget process for 2021 to 2024. To mitigate the economic and social consequences of the COVID-19 crisis, the federal government implemented a number of measures, the cost of which contributed to a record deficit in 2020 and will continue to lead to a sharp increase in the general government debt ratio to up to 85 percent of GDP (2022). In the long term, the high debt burden should be reduced; however, the persistently low level of interest rates favors a reduced pace of fiscal consolidation and also allows partial reliance on \"growing out\" of debt.","onlinedate":"2021-01-28 12:00:00","lang":"German","publication_series":"","publication_date":"20210101","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":386218,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"94","monthly_report_pages":"53-65","monthly_report_pages_sort":"53","issue":"1","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":"2021-01-28 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":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","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 v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Federal Budget and Public Debt During the COVID-19-Crisis. 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