{"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":"","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> (2021). <span>Bundeshaushalt und Staatsschuld in der COVID-19-Krise. Bundesvoranschlag 2021 und Mittelfristiger Finanzrahmen 2021 bis 2024<\\\/span>. <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>94<\\\/em>(1), 53-65. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/66832\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/66832<\\\/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>Bundeshaushalt und Staatsschuld in der COVID-19-Krise. Bundesvoranschlag 2021 und Mittelfristiger Finanzrahmen 2021 bis 2024<\\\/span><\\\/span>. <span>WIFO-Monatsberichte<\\\/span>. 2021 Jan;94(1):53-65.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{00732c3e861b4130b7a9e37f2f43427a,<\\\/div><div>  title    = \\\"Bundeshaushalt und Staatsschuld in der COVID-19-Krise. Bundesvoranschlag 2021 und Mittelfristiger Finanzrahmen 2021 bis 2024\\\",<\\\/div><div>  abstract = \\\"Unsicherheiten {\\\\\\\"u}ber die Entwicklung der gesamtwirtschaftlichen und der epidemiologischen Rahmenbedingungen pr{\\\\\\\"a}gen die Budgeterstellung f{\\\\\\\"u}r 2021 bis 2024. Zur Abfederung der {\\\\\\\"o}konomischen und sozialen Folgen der COVID 19-Krise setzte die Bundesregierung eine Reihe von Ma{\\\\ss}nahmen, deren Kosten zu einem Rekorddefizit 2020 beitrugen und weiterhin zu einem drastischen Anstieg der gesamtstaatlichen Schuldenquote auf bis zu 85\\\\% des BIP (2022) f{\\\\\\\"u}hren werden. Langfristig sollte die hohe Schuldenlast abgebaut werden; das anhaltend niedrige Zinsniveau beg{\\\\\\\"u}nstigt jedoch ein reduziertes Tempo der fiskalischen Konsolidierung und erlaubt es auch, teilweise auf ein {\\\"}Herauswachsen{\\\"} aus der Verschuldung zu setzen.\\\",<\\\/div><div>  keywords = \\\"COVID-19, Budgetpolitik, Maastricht-Defizit, Verschuldung, Krisenmanagement\\\",<\\\/div><div>  author   = \\\"Simon Loretz and Hans Pitlik and Margit Schratzenstaller\\\",<\\\/div><div>  note     = \\\"COVID-19: Bundesvoranschlag\\\",<\\\/div><div>  year     = \\\"2021\\\",<\\\/div><div>  month    = jan,<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"94\\\",<\\\/div><div>  pages    = \\\"53--65\\\",<\\\/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  - Bundeshaushalt und Staatsschuld in der COVID-19-Krise. Bundesvoranschlag 2021 und Mittelfristiger Finanzrahmen 2021 bis 2024<\\\/p><p>AU  - Loretz, Simon<\\\/p><p>AU  - Pitlik, Hans<\\\/p><p>AU  - Schratzenstaller, Margit<\\\/p><p>N1  - COVID-19: Bundesvoranschlag<\\\/p><p>PY  - 2021\\\/1<\\\/p><p>Y1  - 2021\\\/1<\\\/p><p>N2  - Unsicherheiten \u00fcber die Entwicklung der gesamtwirtschaftlichen und der epidemiologischen Rahmenbedingungen pr\u00e4gen die Budgeterstellung f\u00fcr 2021 bis 2024. Zur Abfederung der \u00f6konomischen und sozialen Folgen der COVID 19-Krise setzte die Bundesregierung eine Reihe von Ma\u00dfnahmen, deren Kosten zu einem Rekorddefizit 2020 beitrugen und weiterhin zu einem drastischen Anstieg der gesamtstaatlichen Schuldenquote auf bis zu 85% des BIP (2022) f\u00fchren werden. Langfristig sollte die hohe Schuldenlast abgebaut werden; das anhaltend niedrige Zinsniveau beg\u00fcnstigt jedoch ein reduziertes Tempo der fiskalischen Konsolidierung und erlaubt es auch, teilweise auf ein \\\"Herauswachsen\\\" aus der Verschuldung zu setzen.<\\\/p><p>AB  - Unsicherheiten \u00fcber die Entwicklung der gesamtwirtschaftlichen und der epidemiologischen Rahmenbedingungen pr\u00e4gen die Budgeterstellung f\u00fcr 2021 bis 2024. Zur Abfederung der \u00f6konomischen und sozialen Folgen der COVID 19-Krise setzte die Bundesregierung eine Reihe von Ma\u00dfnahmen, deren Kosten zu einem Rekorddefizit 2020 beitrugen und weiterhin zu einem drastischen Anstieg der gesamtstaatlichen Schuldenquote auf bis zu 85% des BIP (2022) f\u00fchren werden. Langfristig sollte die hohe Schuldenlast abgebaut werden; das anhaltend niedrige Zinsniveau beg\u00fcnstigt jedoch ein reduziertes Tempo der fiskalischen Konsolidierung und erlaubt es auch, teilweise auf ein \\\"Herauswachsen\\\" aus der Verschuldung zu setzen.<\\\/p><p>KW  - COVID-19<\\\/p><p>KW  -  Budgetpolitik<\\\/p><p>KW  -  Maastricht-Defizit<\\\/p><p>KW  -  Verschuldung<\\\/p><p>KW  -  Krisenmanagement<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>VL  - 94<\\\/p><p>SP  - 53<\\\/p><p>EP  - 65<\\\/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>Federal Budget and Public Debt During the COVID-19-Crisis. 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