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Austria: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2002: Issue 183
Language:
English
Publication Date:
14 Aug 2002
DOI:
https://doi.org/10.5089/9781451802283.002
ISBN:
9781451802283
ISSN:
1934-7685
Pages:
64
Keywords:
ISCR; CR; EU enlargement; Austria; EU accession; EU entry; bank asset data; EU budget; Pensions; Pension spending; Aging; Commercial banks; Labor markets; Eastern Europe; Western Europe
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This Selected Issues paper for Austria looks at the fiscal burden facing Austria owing to aging, and the policy steps necessary to address it. It gives a short description of the Austrian pension, health care, and long-term care systems, and describes how aging will affect the costs of these systems. It then analyzes the development of age-related spending and the sustainability of general government finances under different scenarios, and quantifies the primary adjustment required to keep public finances on a sustainable path in the long term.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund