{"id":83987,"date":"2024-01-22T08:52:26","date_gmt":"2024-01-22T07:52:26","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/83987\/"},"modified":"2026-02-17T15:58:05","modified_gmt":"2026-02-17T14:58:05","slug":"fiscal-consolidation-shapes-1996-and-1997-budgets","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/83987\/","title":{"rendered":"Fiscal Consolidation Shapes 1996 and 1997 Budgets"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-83987","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"This year, the Austrian Parliament has for the first time approved draft budgets for two successive calendar years. Fiscal policy is aimed at trimming the Federal deficit to 2.7 percent of GDP by 1997. Apart from major public spending cuts, which account for about two-thirds of the deficit reduction, a wide-ranging package of tax measures was passed. These will raise an additional ATS 46 billion in revenue, of which ATS 11 billion will be transferred to the Federal states (L\u00e4nder) and local authorities, in order to enable them to cut their deficits to 0.3 percent of GDP. If this target is also met, Austria will have fulfilled an important condition for participation in the European Monetary Union.","onlinedate":"1996-07-01 02:00:00","lang":"English","publication_series":"","publication_date":"19960701","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Fiscal Consolidation Shapes 1996 and 1997 Budgets\"]","jelcodes":"[]","related_publications":"[]","pdf":null,"zip":null,"link":"https:\/\/www.wifo.ac.at\/wwa\/pubid\/267","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"1","monthly_report_pages":"137-145","monthly_report_pages_sort":"137","issue":"3","journal":"Austrian Economic Quarterly","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[183747],"research_groups":[3500],"collaboration":"","persons":[3953],"persons_data":"[{\"personId\":3953,\"personName\":\"Gerhard Lehner\",\"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>Lehner, G.<\\\/span> (1996). <span>Fiscal Consolidation Shapes 1996 and 1997 Budgets<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>1<\\\/em>(3), 137-145. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/267\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/267<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Lehner G<\\\/span>. <span class=\\\"title\\\"><span>Fiscal Consolidation Shapes 1996 and 1997 Budgets<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 1996 Jul;1(3):137-145.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{adff53adfbc8484385e6be71453152fd,<\\\/div><div>  title    = \\\"Fiscal Consolidation Shapes 1996 and 1997 Budgets\\\",<\\\/div><div>  abstract = \\\"This year, the Austrian Parliament has for the first time approved draft budgets for two successive calendar years. Fiscal policy is aimed at trimming the Federal deficit to 2.7 percent of GDP by 1997. Apart from major public spending cuts, which account for about two-thirds of the deficit reduction, a wide-ranging package of tax measures was passed. These will raise an additional ATS 46 billion in revenue, of which ATS 11 billion will be transferred to the Federal states (L{\\\\\\\"a}nder) and local authorities, in order to enable them to cut their deficits to 0.3 percent of GDP. If this target is also met, Austria will have fulfilled an important condition for participation in the European Monetary Union.\\\",<\\\/div><div>  keywords = \\\"Fiscal Consolidation Shapes 1996 and 1997 Budgets, Fiscal Consolidation Shapes 1996 and 1997 Budgets\\\",<\\\/div><div>  author   = \\\"Gerhard Lehner\\\",<\\\/div><div>  year     = \\\"1996\\\",<\\\/div><div>  month    = jul,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"1\\\",<\\\/div><div>  pages    = \\\"137--145\\\",<\\\/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  - Fiscal Consolidation Shapes 1996 and 1997 Budgets<\\\/p><p>AU  - Lehner, Gerhard<\\\/p><p>PY  - 1996\\\/7<\\\/p><p>Y1  - 1996\\\/7<\\\/p><p>N2  - This year, the Austrian Parliament has for the first time approved draft budgets for two successive calendar years. Fiscal policy is aimed at trimming the Federal deficit to 2.7 percent of GDP by 1997. Apart from major public spending cuts, which account for about two-thirds of the deficit reduction, a wide-ranging package of tax measures was passed. These will raise an additional ATS 46 billion in revenue, of which ATS 11 billion will be transferred to the Federal states (L\u00e4nder) and local authorities, in order to enable them to cut their deficits to 0.3 percent of GDP. If this target is also met, Austria will have fulfilled an important condition for participation in the European Monetary Union.<\\\/p><p>AB  - This year, the Austrian Parliament has for the first time approved draft budgets for two successive calendar years. Fiscal policy is aimed at trimming the Federal deficit to 2.7 percent of GDP by 1997. Apart from major public spending cuts, which account for about two-thirds of the deficit reduction, a wide-ranging package of tax measures was passed. These will raise an additional ATS 46 billion in revenue, of which ATS 11 billion will be transferred to the Federal states (L\u00e4nder) and local authorities, in order to enable them to cut their deficits to 0.3 percent of GDP. If this target is also met, Austria will have fulfilled an important condition for participation in the European Monetary Union.<\\\/p><p>KW  - Fiscal Consolidation Shapes 1996 and 1997 Budgets<\\\/p><p>KW  - Fiscal Consolidation Shapes 1996 and 1997 Budgets<\\\/p><p>M3  - WIFO series<\\\/p><p>VL  - 1<\\\/p><p>SP  - 137<\\\/p><p>EP  - 145<\\\/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>Fiscal Consolidation Shapes 1996 and 1997 Budgets - 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\/83987\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fiscal Consolidation Shapes 1996 and 1997 Budgets\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/83987\/\" \/>\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=\"2026-02-17T14:58:05+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\\\/83987\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/83987\\\/\",\"name\":\"Fiscal Consolidation Shapes 1996 and 1997 Budgets - 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