Austrian Stability Programme

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 each year, while other EU Member States have to submit a Convergence Programme.

 The format and content of the Austrian Stability Programme for the period 2016 to 2021 are in line with the requirements of the Code of Conduct. At the same time, this document covers the national medium-term budgetary plan according to Article 4 of the “Two-pack”-Regulation 473/2013.

Against the background of the current growth scenarios, the Federal Government pursues the objective of a further strengthening of growth and employment. This is supported by a sustainable and solid budgetary policy at all levels of government.

The Programme is based on the Federal Budgetary Framework Law 2017 to 2020 (BFRG) and the parameters of the Austrian Stability Pact (ÖStP), national accounts data from Statistics Austria (STAT) until 2016, the medium-term economic forecast by the Austrian Institute of Economic Research (WIFO) as of March 24th, 2016, and calculations and assessments by the Federal Ministry of Finance (BMF).

The update of the Austrian Stability Programme for the period 2016 to 2021 was approved by the Council of Ministers on April 19th, 2017.