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Monday, October 14, 2024
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Home Headlines Austria plans to bring budget deficit within 3% of GDP next year

Austria plans to bring budget deficit within 3% of GDP next year

by Uma Rajagopal
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2022 10 12T080942Z 1 LYNXMPEI9B0F3 RTROPTP 4 HEALTH CORONAVIRUS AUSTRIA LOCKDOWN

VIENNA (Reuters) – Austria plans to bring its budget deficit within the European Union’s limit of 3% of gross domestic product in 2023, a finance ministry presentation published shortly before Finance Minister Magnus Brunner’s budget speech said on Wednesday.

The presentation showed the budget deficit shrinking from 5.9% of GDP last year to 3.5% this year and 2.9% next year. It also showed the debt-to-GDP ratio falling from 82.3% in 2021 to 78.3% this year and 76.7% in 2023.

 

(Reporting by Francois Murphy)

 

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Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.