{"id":84041,"date":"2024-01-22T08:52:52","date_gmt":"2024-01-22T07:52:52","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/84041\/"},"modified":"2024-11-06T23:41:44","modified_gmt":"2024-11-06T22:41:44","slug":"die-wirtschaftspolitischen-massnahmen-der-neuen-bundesregierung","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/84041\/","title":{"rendered":"The New Federal Government's Economic Policy Measures"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-84041","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The new Austrian Federal Government has agreed upon a set of measures in the area of fiscal policy which ought to reduce the Federal deficit in 1996 and 1997 by around ATS 100 billion. This amount should be sufficient as to ensure that Austria will fulfill the deficit criterion for participation in the European Monetary Union (EMU). For the first time, the Austrian Parliament will vote simultaneously on budget drafts for two calendar (and fiscal) years. Almost two-thirds of the consolidation requirement will be met by cuts in public expenditure, the rest by additional tax revenues. Tax measures will take relatively shorter time to be implemented \u2013 around 60 percent of them in the current year, while expenditure restraint only to a share of 40 percent. A crucial requirement for the consolidation strategy to be successful is, however, that the Federal States (L\u00e4nder) and the municipalities lower their budget deficits pari passu with the Federation (Bund). Closer coordination of budget policies between the Bund and other public authorities appears to be called for, not only with regard to the fiscal criteria for EMU. Apart from the immediate requirements, further standards and criteria have to be applied for an evaluation of fiscal policy, particularly that of sustainability. Most of the measures now adopted will certainly have an effect beyond 1997. Yet, the \"package\" also includes temporary provisions which may complicate eventually the task of drafting a budget for 1998. This would be even more the case, if the now agreed-upon restraint in public sector wages and some social transfers in 1996 and 1997 would give rise to \"catching-up\" effects thereafter. Fiscal consolidation is associated with a drag on private purchasing power. The latter may not fully translate into lower output and employment if at the same time the demand propensity of enterprises and households rises or if external competitiveness is strengthened. Other measures may be helpful which would reduce frictions and bottlenecks in the economy or raise the efficiency of public services without violating the constraints of consolidation. The new government has announced a number of measures in this respect whose effects should, however, be expected only over the longer term.","onlinedate":"1996-03-01 01:00:00","lang":"German","publication_series":"","publication_date":"19960301","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":275354,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"69","monthly_report_pages":"163-169","monthly_report_pages_sort":"163","issue":"3","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"research_groups":[3500],"collaboration":"","persons":[3945,3953],"persons_data":"[{\"personId\":3945,\"personName\":\"Helmut Kramer\",\"organisationNames\":[]},{\"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>Kramer, H.<\\\/span><span>, &amp; Lehner, G.<\\\/span> (1996). <span>Die wirtschaftspolitischen Ma\u00dfnahmen der neuen Bundesregierung<\\\/span>. <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>69<\\\/em>(3), 163-169. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/294\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/294<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Kramer H<\\\/span><span>, Lehner G<\\\/span>. <span class=\\\"title\\\"><span>Die wirtschaftspolitischen Ma\u00dfnahmen der neuen Bundesregierung<\\\/span><\\\/span>. <span>WIFO-Monatsberichte<\\\/span>. 1996 Mar;69(3):163-169.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{e6fee134621a46b6b61125c17d3805e5,<\\\/div><div>  title    = \\\"Die wirtschaftspolitischen Ma{\\\\ss}nahmen der neuen Bundesregierung\\\",<\\\/div><div>  abstract = \\\"Das budgetpolitische Ma{\\\\ss}nahmenpaket des Bundes sieht ein Konsolidierungserfordernis von rund 100 Mrd. S bis einschlie{\\\\ss}lich 1997 vor. Auf der Ausgabenseite sollen 1996 und 1997 Einsparungen von 62 Mrd. S oder knapp zwei Dritteln des Konsolidierungsbedarfs erzielt werden, davon knapp 40\\\\% schon 1996. F{\\\\\\\"u}r das durch steuerliche Ma{\\\\ss}nahmen erh{\\\\\\\"o}hte Einnahmenaufkommen werden f{\\\\\\\"u}r 1996 bereits 60\\\\% der Netto-Mehreinnahmen beider Jahre budgetiert. Mit der Realisierung dieser Budgetpolitik w{\\\\\\\"u}rde {\\\\\\\"O}sterreich das Defizit-Kriterium f{\\\\\\\"u}r die Teilnahme an der Europ{\\\\\\\"a}ischen W{\\\\\\\"a}hrungsunion erf{\\\\\\\"u}llen. Dies darf nicht der einzige Gesichtspunkt sein: wichtig ist auch, da{\\\\ss} die Budgetkonsolidierung nicht nach 1997 durch den Wegfall von tempor{\\\\\\\"a}ren Effekten wieder in Frage gestellt wird.\\\",<\\\/div><div>  author   = \\\"Helmut Kramer and Gerhard Lehner\\\",<\\\/div><div>  year     = \\\"1996\\\",<\\\/div><div>  month    = mar,<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"69\\\",<\\\/div><div>  pages    = \\\"163--169\\\",<\\\/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  - Die wirtschaftspolitischen Ma\u00dfnahmen der neuen Bundesregierung<\\\/p><p>AU  - Kramer, Helmut<\\\/p><p>AU  - Lehner, Gerhard<\\\/p><p>PY  - 1996\\\/3<\\\/p><p>Y1  - 1996\\\/3<\\\/p><p>N2  - Das budgetpolitische Ma\u00dfnahmenpaket des Bundes sieht ein Konsolidierungserfordernis von rund 100 Mrd. S bis einschlie\u00dflich 1997 vor. Auf der Ausgabenseite sollen 1996 und 1997 Einsparungen von 62 Mrd. S oder knapp zwei Dritteln des Konsolidierungsbedarfs erzielt werden, davon knapp 40% schon 1996. F\u00fcr das durch steuerliche Ma\u00dfnahmen erh\u00f6hte Einnahmenaufkommen werden f\u00fcr 1996 bereits 60% der Netto-Mehreinnahmen beider Jahre budgetiert. Mit der Realisierung dieser Budgetpolitik w\u00fcrde \u00d6sterreich das Defizit-Kriterium f\u00fcr die Teilnahme an der Europ\u00e4ischen W\u00e4hrungsunion erf\u00fcllen. Dies darf nicht der einzige Gesichtspunkt sein: wichtig ist auch, da\u00df die Budgetkonsolidierung nicht nach 1997 durch den Wegfall von tempor\u00e4ren Effekten wieder in Frage gestellt wird.<\\\/p><p>AB  - Das budgetpolitische Ma\u00dfnahmenpaket des Bundes sieht ein Konsolidierungserfordernis von rund 100 Mrd. S bis einschlie\u00dflich 1997 vor. Auf der Ausgabenseite sollen 1996 und 1997 Einsparungen von 62 Mrd. S oder knapp zwei Dritteln des Konsolidierungsbedarfs erzielt werden, davon knapp 40% schon 1996. F\u00fcr das durch steuerliche Ma\u00dfnahmen erh\u00f6hte Einnahmenaufkommen werden f\u00fcr 1996 bereits 60% der Netto-Mehreinnahmen beider Jahre budgetiert. Mit der Realisierung dieser Budgetpolitik w\u00fcrde \u00d6sterreich das Defizit-Kriterium f\u00fcr die Teilnahme an der Europ\u00e4ischen W\u00e4hrungsunion erf\u00fcllen. Dies darf nicht der einzige Gesichtspunkt sein: wichtig ist auch, da\u00df die Budgetkonsolidierung nicht nach 1997 durch den Wegfall von tempor\u00e4ren Effekten wieder in Frage gestellt wird.<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>VL  - 69<\\\/p><p>SP  - 163<\\\/p><p>EP  - 169<\\\/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 v28.3 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The New Federal Government&#039;s Economic Policy Measures - 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\/84041\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The New Federal Government&#039;s Economic Policy Measures\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/84041\/\" \/>\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=\"2024-11-06T22:41:44+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\\\/84041\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/84041\\\/\",\"name\":\"The New Federal Government's Economic Policy Measures - 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