THEMES A-Z

Austrian Stability Programmes

Austrian Stability Programme for the period 2011 to 2016

In accordance with Regulation (EC) No 1466/97, amended by Regulation (EU) No 1175/2011, Euro area Member States are required to submit a Stability Programme and the other EU Member States a Convergence Programme each year. The format and content of the present update of the Austrian Stability Programme for the period 2011-2016 are in line with the requirements of the Code of Conduct as endorsed by the ECOFIN Council on 24 January 2012.

The Federal Government’s strategy for the period 2012-2016 was launched under the motto “structural consolidation and reforms” and is based on three targets:

Achieving a broadly balanced budget by 2016 as well as ensuring long-term sustainability and reducing the debt-to-GDP ratio,
Strengthening investments in the areas of education, universities, R&D and infra-structure to support growth and employment and
Accelerating structural reforms in the field of pensions, health policy, public administration, subsidies and labour markets.