Government deficit/Government surplus

Government Deficit

2021
-23.870 bn euro
Sunk -6.65 bn euro vs. 2020

Government Deficit in % of GDP

2021
-5.9 %
Sunk -2.1 percentage points vs. 2020

Description

For the budgetary notification to the European Commission, Statistics Austria computed the data in accordance with the categories of the European System of Accounts (ESA 2010).

The government deficit/surplus is the difference between total revenue and total expenditure. The Maastricht Treaty stipulates a number of convergence criteria (Maastricht criteria). Under these criteria, member states may only enter the European Economic and Monetary Union if they satisfy the Maastricht fiscal and monetary criteria. According to the Maastricht Treaty, the ratio of the government deficit to gross domestic product (GDP) must not exceed 3 %. Other Maastricht criteria are the long-term interest rate (may not be more than 2 percentage points higher than in the most price-stable EU countries) and the national inflation (be a maximum of 1.5 percentage points above that of the three most price-stable EU countries).

Graphs, Tables, Maps

Highlights

Government Deficit by Subsectors (in million euro) (Graph)

S: STATISTICS AUSTRIA, Public Finance. Compiled on 1 April 2022. – Data according to ESA 2010.

S: STATISTICS AUSTRIA, Public Finance. Compiled on 1 April 2022. – Data according to ESA 2010.

S: STATISTICS AUSTRIA, Public Finance. Compiled on 1 April 2022. – Data according to ESA 2010. – Federal states including extra-budgetary units and state chambers.

Date PDF download
2022-04-01 file Public Finances 2021: government deficit at 5.9% of GDP, government debt at 82.8%
58.1 KB

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