Published: 10 February 2020, 13:18
The Independet Advisory Board to the Stability Council (Unabhängige Beirat des Stabilitätsrats) published its 12th Statement about the structural government budget deficit.
The structural government budget deficit will be below the limit of 0.5 % of GDP in the medium term. Public expenditures are expansive; as the economy stabilizes and economic stimulus package is not considered to be necessary at the moment. In the years to come, the demographic development will present a growing burden and require adjustments to guarantee fiscal sustainability.