Austria's budget deficit to decrease to 1.12 pct of GDP in 2007 - minister |
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Fri, 02 Mar 2007 16:01
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VIENNA (AFX) - The Austrian coalition government plans to reduce the budget deficit to 1.12 pct of gross domestic product in 2007 from 1.2 pct in 2006 and then to 0.88 pct for the following year.'If the deficit is any greater (than 1.12 pct), then I won't have done my job,' said Wilhelm Molterer, the recently appointed Minister for Finance and Vice Chancellor, on national radio.Under the new government made up of the social are ds' and the conservative 'blacks', there are plans to reduce spending by 600 mln eur a year over the next two years. Among other initiatives, the government plans to reduce the number of civil servants by 833.Both the Austrian Institute of Economic Research (WIFO) and the Institute for Advanced Studies (IHS) see 2006 growth at 3.2 pct, while WIFO said on Monday it expects the economy to grow an average 2.5 pct a year between 2007 and 2011.fiona.flanagan@thomson.comff/cmrCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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French 2006 budget deficit forecast narrowed to 36.5 bln eur - minister 