Press release: 12.480
Public Finances 2020: government deficit at 8.9% of GDP, government debt at 83.9%
"The Corona crisis has knocked Austria off the
consolidation path. The collapse in economic output due to the pandemic
and the containment measures have significantly reduced public revenues
and massively increased government expenditure. In 2020, Austria had
to record a deficit of historic proportions amounting to
Government expenditure increased strongly
Total government expenditure increased by 12.6% (+€24.4 bn)
in 2020 and stood at €217.4 bn. The strongest increase showed subsidies
(+€14.1 bn or
43.0% of government expenditure was related to social
Government revenue from taxes decreased sharply
Total government revenue decreased by 5.8% (-€11.3 bn) in 2020 and stood at €184.2 bn. The strongest decrease showed social contributions and taxes (-€9.8 bn). Revenue from taxes on production and imports (including value added tax) fell by 6.4% or €3.5 bn. Revenue from current taxes on income and wealth decreased sharply by 11.3% or €6.2 bn in 2020. This is mainly due to lower income from corporate tax (-€2.8 bn), income tax (-€1.8 bn) and wage tax (-€1.0 bn).
Deficit in all subsectors of government
All four subsectors of government showed a deficit in 2020: The deficit of central government amounted to €29.3 bn (2019: surplus of €1.8 bn). State government showed a deficit of €1.9 bn (2019: surplus of €543 million). Local government showed a deficit of €1.7 bn (2019: deficit of €93 million). A deficit of €228 million can be noticed in the social security sector in 2020 (2019: surplus of €197 million).
Government debt ratio rose to 83.9% of GDP
In 2020, government debt increased by 13.4 percentage points to 83.9% of GDP in relative terms and increased by €34.8 bn to €315.2 bn (2019: €280.3 bn) in absolute terms, of which €1.7 bn were currencies and deposits, €266.5 bn were recorded as debt securities and €46.9 bn as loans.
For more detailed results and further information please refer to our website.
on methods, definitions: Basis for the 2020 results are the provisional
annual public accounts for federal government, quarterly data for state
and local government units as well as provisional data for the social
security funds. A first estimate of the numerous extra-budgetary units
was made based on individually 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.
inquiries please contact Directorate Macroeconomic Statistics, Statistics
Agnes SINGER-PESAU, Tel.
Lukas DOERFLER, Tel.
Media owner, producer and publisher:
STATISTICS AUSTRIA, Federal Institution under Public Law
1110 Vienna, Austria, Guglgasse 13, Tel.:
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