Austria's Fiscal Outlook: A Slight Adjustment in Deficit and Debt Projections

Austria's Finance Ministry announced that the budget deficit for 2023 is expected to be approximately 4.54% of GDP, a negligible increase from April's prediction of 4.51%. The debt-to-GDP ratio is projected to decrease slightly to 81.6% from the previously expected 84.7%.

Austria's budget deficit is projected to reach around 4.5% of its GDP for the year 2023, according to the Finance Ministry's recent presentation. This represents a marginal adjustment from earlier forecasts.

The latest forecast shows a deficit prediction of 4.54% of GDP, slightly higher than the 4.51% predicted in April. In contrast, the debt-to-GDP ratio is anticipated to decrease marginally to 81.6% from the earlier expectation of 84.7%.

The ministry's presentation underscores the stability of Austria's fiscal projections, with only slight modifications since previous forecasts in April.

(With inputs from agencies.)