Budget 2018 at a glance

Net borrowing is budgeted at € -2.2 bn. This goal requires the implementation of measures for budgetary relief as well as the execution of budgetary rigour. The Maastricht balance is projected at -0.4% of GDP. The EU criteria of 0.5% for the struc-tural deficit will be met, and public debt is expected to decrease to 74.5% of GDP. The year 2018 represents the consistent pursuit of reaching a balanced budget.

The general economic conditions for both 2018 and 2019 are highly favourable – real GDP growth is estimated at 3.2% and 2.2% of GDP, respectively, unemployment is projected to decrease substantially, and inflation is ex-pected to remain at a steady level.

2016outturn

2017outturn1

2018budget

2019budget

cash flow statement

cash inflows 71.3 73. 8 76. 4 79. 7cash outflows 76. 3 80. 7 78. 5 79. 2

net borrowing/lending -5. 0 -6. 9 -2. 2 0. 5

operating statement

revenues 72. 4 76. 1 76. 6 79. 6expenditures 81. 9 77. 7 81. 0 81. 9

net profit/loss -9. 5 -1. 6 -4. 4 -2. 31 preliminary outturn

budget statement

€ bn

2016outturn

2017outturn1

2018budget

2019budget

public revenue (gross) 81.1 84.8 86.7 89.5

transfers to state and local governments 25.4 25.8 26.0 26.8transfers to funds 4.6 4.6 4.9 5.1transfers to the EU 2.6 2.6 2.9 3.1

public revenue (net) 48. 5 51. 9 52. 9 54. 5

Ch. 25 Families and Youth 7.2 6.8 6.9 7.3Ch. 20 Labour 6.5 6.8 7.3 7.6Ch. 23 Pensions for Civil Servants 2.3 2.2 2.2 2.2other revenue 6.9 6.1 7.0 8.1

cash inflows 71. 3 73. 8 76. 4 79. 71 preliminary outturn

cash inflows (public revenue)

€ bn

34%

31%

10%

5%

20%

public revenue (gross)2018 (€ bn)

value-added taxwage taxcorporation taxmineral oil taxother taxes

86.7

% of GDP 2016 2017 2018 2019

government expenditure 50. 7 49. 3 48. 5 47. 8government revenue 49. 1 48. 6 48. 1 47. 8

Maastricht balance -1.6 -0.7 -0.4 0.0

central government -1. 3 -0. 7 -0. 5 -0. 1

state and local governments, social security funds -0. 4 0. 1 0. 1 0. 1structural balance 1 -0.5 -0.1 -0.5 -0.5

public debt 83.6 78.1 74.5 70.9

government expenditure (left scale)government revenue (left scale)Maastricht balance (right scale)

key figures of general government (ESA 2010)

sources: Statistics Austria (for 2016); BMF (as of 2017); EC autumn forecast 2017 (for the Maastricht balance and structural balance 2016); WIFO (for the Maastricht balance as of 2017)1 after deduction of additional costs for refugees and counter-terrorism

2016 2017 2018 2019

GDP (real) % change 1. 5 2. 9 3. 2 2. 2GDP (nominal) % change 2. 6 4. 5 4. 9 4. 0unemployment (national) in % 9. 1 8. 5 7. 7 7. 3unemployment (national) in thousands 357. 3 340. 0 312. 0 297. 0inflation % change 0. 9 2. 1 1. 9 1. 9sources: Statistics Austria, WIFO economic forecast March 2018

economic data

2016 2017 2018 2019

GDP (real) % change 1. 5 2. 9 3. 2 2. 2GDP (nominal) % change 2. 6 4. 5 4. 9 4. 0unemployment (national) in % 9. 1 8. 5 7. 7 7. 3unemployment (national) in thousands 357. 3 340. 0 312. 0 297. 0inflation % change 0. 9 2. 1 1. 9 1. 9sources: Statistics Austria, WIFO economic forecast March 2018

economic data

-1.6

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development of govt. expenditureand govt. revenue (% of GDP)

government expenditure (left scale)government revenue (left scale)Maastricht balance (right scale)

2016 2017 2018 2019

GDP (real) % change 1. 5 2. 9 3. 2 2. 2GDP (nominal) % change 2. 6 4. 5 4. 9 4. 0unemployment (national) in % 9. 1 8. 5 7. 7 7. 3unemployment (national) in thousands 357. 3 340. 0 312. 0 297. 0inflation % change 0. 9 2. 1 1. 9 1. 9sources: Statistics Austria, WIFO economic forecast March 2018

economic data

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2016 2017 2018 2019

development of govt. expenditureand govt. revenue (% of GDP)

government expenditure (left scale)government revenue (left scale)Maastricht balance (right scale)

% of GDP 2016 2017 2018 2019

government expenditure 50. 7 49. 3 48. 5 47. 8government revenue 49. 1 48. 6 48. 1 47. 8

Maastricht balance -1.6 -0.7 -0.4 0.0

central government -1. 3 -0. 7 -0. 5 -0. 1

state and local governments, social security funds -0. 4 0. 1 0. 1 0. 1structural balance 1 -0.5 -0.1 -0.5 -0.5

public debt 83.6 78.1 74.5 70.9

government expenditure (left scale)government revenue (left scale)Maastricht balance (right scale)

key figures of general government (ESA 2010)

sources: Statistics Austria (for 2016); BMF (as of 2017); EC autumn forecast 2017 (for the Maastricht balance and structural balance 2016); WIFO (for the Maastricht balance as of 2017)1 after deduction of additional costs for refugees and counter-terrorism

© 2018 Federal Ministry of Finance, DG Budget and Public Finances, Johannesgasse 5, 1010 Vienna

FEDERAL MINISTRYOF FINANCE

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