Austria's budget balance in relation to GDP 2030

The budget balance in relation to the GDP in Austria was forecast to increase between 2024 and 2030 by in total 1.74 percentage points. This overall increase does not happen continuously, notably not in 2030. The budget balance is estimated to amount to -2.95 percent in 2030. 
The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

Find more statistics on other topics about Austria with key insights such as the gross domestic product in current prices, the national debt, and the number of employed people.