Public Finances 2018: government surplus at 0.1% of GDP, government debt at 73.8%
Government revenue from taxes increased sharply
Total government revenue increased by 4.8% (€8.6 bn)
in 2018 and stood at €187.6 bn. Social contributions and taxes, which
accounted for 87.7% of government revenue, amounted to €164.5 bn
Government expenditure increased slightly
Total government expenditure increased by 2.9% (€5.3 bn)
in 2018 and stood at €187.2 bn. 45.0% of government expenditure was
related to social expenditure in 2018
Surplus in three subsectors of government
Central government was marked by a sharp decrease in government deficit which stood at €736 million in 2018 (2017: €3.2 bn). State government showed a surplus of €619 million in 2018 (2017: surplus of €231 million). Local government showed a surplus of €26 million in 2018 (2017: deficit of €301 million). A surplus of €518 million can be noticed in the social security sector (2017: €472 million).
Government debt ratio fell to 73.8% of GDP
In 2018, government debt decreased by 4.4 percentage points to 73.8% of GDP in relative terms and decreased by €4.5bn to €284.8 bn (2017: €289.3 bn) in absolute terms, of which €1.7 bn were currencies and deposits, €239.5 bn were recorded as debt securities and €43.7 bn as loans.
For more detailed results and further information please refer to our website.
Information on methods, definitions: Basis for the 2018 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 is equal to the difference between government revenue and government expenditure.
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