Public Finances 2018: government surplus at 0.2% of GDP, government debt at 74.0%
(World News Austria)

Press release: 12.100-166/19 Vienna, 2019-09-30 - In 2018, public finances in Austria showed - for the first time since 1974 - a surplus of 0.2% of GDP (EUR763 million), compared to a deficit of 0.7% (EUR2.8 bn) in 2017. According to Statistics Austria, government revenueincreased by 5.2% or EUR9.3 bn, while government expenditurerose by 3.2% or EUR5.8 bn. Government debtdecreased in relative terms from 78.3% of GDP in 2017 to 74.0% of GDP in 2018 and in absolute terms from EUR289.8 bn in 2017 to EUR285.3 bn in 2018. Government revenue from taxes increased sharply Total government revenue increased by 5.2% (EUR9.3 bn) in 2018 and stood at EUR188.4 bn. Social contributions and taxes, which accounted for...