Austria: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 237

Publication date: August 2004

ISBN: 9781451802344

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Business and Economics , Public Finance , Taxation - General , ISCR , CR , government , government size , government consumption , government surplus , budget surplus , growth rate , Income and capital gains taxes , Social security contributions , Consumption taxes , Europe

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Summary

This Selected Issues paper for Austria reports the impact of the government size, in addition to tax and expenditure composition, on real GDP growth. In addition to having a large public sector relative to the European Union (EU) 15 average, the composition of revenues is skewed, on the one hand, toward direct taxes. The distribution of expenditure, on the other hand, is broadly in line with the European Union (EU) 15 average. Austria is characterized by a heavy taxation of the factors of production, mainly labor, and to a lesser extent, capital.