# Austria plans to bring budget deficit within 3% of GDP next year
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-10-12
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Austria aims to limit budget deficit to 3% of GDP by 2023
Meta Description: Discover how Austria aims to lower its budget deficit to 3% of GDP by 2023, as outlined in a recent finance ministry presentation and budget speech.
URL: https://financedigest.com/austria-plans-to-bring-budget-deficit-within-3-of-gdp-next-yearhtml

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/2022-10-12t080942z1lynxmpei9b0f3rtroptp4health-coronavirus-austria-lockdown-1736815039395-compressed.jpg)

VIENNA (Reuters) – Austria plans to bring its budget deficit within the European Union’s limit of 3% of gross domestic product in 2023, a finance ministry presentation published shortly before Finance Minister Magnus Brunner’s budget speech said on Wednesday.

The presentation showed the budget deficit shrinking from 5.9% of GDP last year to 3.5% this year and 2.9% next year. It also showed the debt-to-GDP ratio falling from 82.3% in 2021 to 78.3% this year and 76.7% in 2023.

(Reporting by Francois Murphy)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---