Public Finances at mid-year 2020: government deficit at 9.4% of GDP, government debt at 82.6%
First half of 2020: government deficit 9,4%
In the first two quarters of 2020, a large government deficit of €16.8 bn was observed, which amounts to 9.4% of the quarterly Gross Domestic Product (GDP). As compared to the first half year of the previous year, this figure has declined by €17.3 bn (2019: government surplus of €0.5 bn resp. 0.2% of GDP). Whereas general government revenue decreased by 6.4% resp. €6.0 bn compared to the first half year of 2019 (January to June 2020: €88.0 bn, 2019: 94.0 bn), general government expenditure increased by 12.0% resp. €11.3 bn to €104.8 bn (January to June 2019: €93.6 bn).
General government revenue, first half year of 2020
87.7% of general government revenue in the first half year of 2020 result from taxes and social contributions, which added up to €77.1 bn. Compared to the first half year of 2019, this value decreased by 5.9% resp. €4.9 bn.
The largest declines by value for general government
revenue in the first half year of 2020 were to be seen in taxes. In
taxes on income, wealth, etc.
General government expenditure, first half year of 2020
In the first half year of 2020, 43% of general government expenditure applied to social transfers (monetary benefits and transfers in kind), 20% applied to compensation of employees, 11% to subsidies and 11% to intermediate consumption.
The largest increases by value for general government
expenditure in the first half year of 2020 were to be seen in subsidies
Quarterly government debt at the end of June 2020: €315.7 bn
At the end of the second quarter 2020, government
debt amounted to €315.7 bn or 82.6% of GDP. It thereby was €35.4 bn
higher than at the end of the fourth quarter 2019, the debt ratio increased
by 12.1 percentage points of GDP. Almost all of this high increase took
place at the core unit "Bund", where new liabilities were
recorded to finance COVID
Public Finances 2019: government surplus at 0.7% of GDP, government debt at 70.5%
In 2019, public finances in Austria showed a surplus for the second time in a row. The surplus amounted to €2.7 bn or 0.7% of GDP in 2019, compared to €676 million or 0.2% of GDP in 2018. According to Statistics Austria, government revenue increased by 3.6% or €6.8 bn, while government expenditure rose by 2.5% or €4.8 bn. Government debt decreased in relative terms from 74.0% of GDP in 2018 to 70.5% of GDP in 2019 and in absolute terms from €285.3 bn in 2018 to €280.3 bn in 2019.
Government revenue from taxes increased sharply
Total government revenue increased by 3.6% (€6.8 bn)
in 2019 and stood at €195.2 bn. Social contributions and taxes, which
accounted for 87.5% of government revenue, amounted to €170.8 bn
Government expenditure slightly increased
Total government expenditure increased by 2.5% (€4.8 bn)
in 2019 and stood at €192.5 bn. 45.2% of government expenditure was
related to social expenditure in 2019
Surplus in three subsectors of government
Three of four subsectors of government showed a surplus in 2019: The surplus of central government amounted to €1.8 bn (2018: deficit of €474 million). State government showed a surplus of €741 million (2018: surplus of €631 million). Local government showed a deficit of €34 million (2018: surplus of €46 million). A surplus of €186 million can be noticed in the social security sector in 2019 (2018: surplus of €472 million).
Government debt ratio fell to 70.5% of GDP
In 2019, government debt decreased by 3.5 percentage points to 70.5% of GDP in relative terms and decreased by €5.0 bn to €280.3 bn (2018: €285.3 bn) in absolute terms, of which €1.7 bn were currencies and deposits, €235.1 bn were recorded as debt securities and €43.5 bn as loans.
Per capita debt in 2019 was highest in Carinthia (€6 594), followed by Lower Austria (€6 377) and Styria (€5 458; see table 5). In order to be able to compare Vienna, which is both a municipality and a federal state, with the other federal states, the debts of local as well as state government are used to calculate per capita debt.
For more detailed results and further information please refer to our website.
on methods, definitions: Basis for the 2019
results are the final annual public accounts for federal government,
state and local government as well as the final finance statistics of
the Austrian Federation of Social Insurances. Data on the numerous extra-budgetary
units stem from individually available information.
Basis for the 2020 results are the preliminary accounting results of central, regional and local governments and the Austrian Federation of Social Insurances. Other units of general government have been estimated on the basis of available information.
Statistics Austria compiles data for general government twice a year. These data are published end of March and end of September, in line with the obligations to notify these data as well as statistics on government deficit and government debt to the European Commission (EU regulations No. 549/2013 and No. 222/2014). Data according to the mentioned European regulations refer to general government and to the four subsectors. Government revenue and government expenditure are classified according to the European System of Accounts (ESA 2010). Government deficit/government surplus is equal to the difference between government revenue and government expenditure.
For further inquiries please contact Directorate
Macroeconomic Statistics, Statistics Austria:
Agnes SINGER-PESAU, Tel.
Lukas DOERFLER, Tel.
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