To curb the rise of government debt it is necessary to evaluate public expenditures and revenues in terms of their necessity and efficiency. Notwithstanding the potential to improve the balance by raising taxes or levying new ones this article concentrates on adjustment options on the...

Numerous studies show that reducing public expenditure is of particular importance to increase the likelihood that a budget consolidation will succeed. In international comparisons the high share of government spending in Austria, relative to its expenditure actually on productive issues, would...