August 2, 2004
The Austrian authorities appreciate the consultations with the Fund and the high quality of the staff report. They broadly agree with the staff’s assessment of Austria’s economic situation and its general recommendations on economic and financial policies. They welcome the Selected Issues study on growth and public finances as useful input for the policy of further lowering the tax burden. The Austrian authorities also wish to express their appreciation for the very constructive dialogue with the Fund in the context of the FSAP-mission.
The staff report highlights Austria’s good economic performance relative to its European peers in terms of GDP-growth, unemployment (the lowest in the EU), competitiveness and public sector deficit.