Cover IMF Staff Country Reports
Austria: Selected Issues
Author: International Monetary Fund. European Dept.
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2016: Issue 051
Language:
English
Publication Date:
12 Feb 2016
DOI:
https://doi.org/10.5089/9781498328210.002
ISBN:
9781498328210
ISSN:
1934-7685
Pages:
41
Keywords:
ISCR; CR; Austria; immigrant; tax; OECD ACA; labor market; parameter combinations immigrant; immigrants influence; public expenditure; immigrants' impact; well-educated immigrant; integration policy; Migration; Aging; Health care spending; Europe; Global
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This paper reviews two main issues pertaining to Austrian economy: (1) Austria's long-term fiscal sustainability in light of current tax and expenditure trends, and (2) Austria's macroeconomic challenges and opportunities due to immigration. To maintain fiscal sustainability over the longer run, Austria needs to implement a strategy based on structural expenditure consolidation. Attention to the structure of Austrian taxes and expenditure is germane because this displays important differences vis-á-vis European peers. In 2015, Austria has recorded about 90,000 asylum applicants, making it one of the top three host countries relative to its population. Austria attracts immigrant populations that improve the characteristics of its labor force.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund