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Austria: Staff Report for the 2003 Article IV Consultation
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2003: Issue 372
Language:
English
Publication Date:
26 Nov 2003
DOI:
https://doi.org/10.5089/9781451802290.002
ISBN:
9781451802290
ISSN:
1934-7685
Pages:
53
Keywords:
ISCR; CR; authority; Financial Market authority; staff appraisal; policy; staff statement; stability program; EU-accession countries; Pension reform; Fiscal stance; Tax incidence; Global; Eastern Europe; Europe; Central and Eastern Europe
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The Austrian economy performed well, but long-term problems were unaddressed. Austria has weathered the slump well. The government's economic policy priorities and recent achievements have been commendable. Tax reform will help improve the economy's long-term growth potential. Successful reform of inter-governmental fiscal relations is key to achieving the medium-term fiscal objectives. The recent pension reform will ensure long-term sustainability of the pension system. The creation of the financial market authority has strengthened financial supervision but continued vigilance is required. The government's structural reform agenda is appropriate.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund