Austria's budget policy continues to face challenges that are difficult to reconcile. On the one hand the additional revenues and the expenditure savings in the wake of the economic upswing should be used for the consolidation of the public budgets. On the other, Austria still has to confront...

Without any tax sovereignty of its own and faced with a substantial decline in the volume of its "traditional own resources", the EU is left with a very low degree of revenue autonomy. The EU budget is financed primarily from national contributions by the member states. There is a growing...

The twin budget 2007-08 implies a decline in federal revenues as percent of GDP to 24 percent by 2008, down by 1.8 percentage points from 2006, and a fall of the expenditure ratio by 2.4 percentage points to 25.1 percent of GDP. The federal government deficit in the Maastricht definition is set...

Without any tax sovereignty of its own and faced with a substantial decline in the volume of "traditional own resources" (customs duties, agricultural levies, sugar levies), the European Union is left with a very low level of revenue autonomy. The EU budget is financed primarily from national...