Investor Presentaiton
OeBFA
Austrian Treasury
High Debt Sustainability
Government debt and budget development
Debt Ratio already peaked in 2020 and already
fell below 80% again in 2022, despite
government support measures in the course of
the energy crisis
Further decreasing trend in 2023 and deficit
below Maastricht criteria in the upcoming
years
☐
Interest Expenditures
Absolute level of effective interest expenditures
constantly declined between 2012 and 2022
Relative to GDP, interest expenditures were still
below 1% in 2023 and considerably below peak
levels of mid-1990s
Interest expenditures in % of GDP are
moderately increasing but still expected to stay
well below historical averages for the next years
Republic of Austria / Investor Information, April 2024
in % of GDP
90
84.0 84.9
85
82.7 82.4 81.9 81.3
82.8
79.9
78.5
80
74.1
82.9 82.5
6
78.4 77.8
76.4 76.5 76.2 76.1
4
8
75
70.6
68.7
0.2
70
0.6
2
0
-2
65
-1.0
-0.8
-1.5
-1.5
-2.6 -2.2
-2.0
-2.7
-3.3
-2.7 -2.7 -2.8 -2.8
-2.7
-4
60
-4.4
Deficit / Surplus (rhs)
-6
-5.3
55
Government debt (Ihs)
-5.8
Forecast
-8
-8.0
½ ½ ½ ± Ń OND∞ ∞ =
-10
50
2008 2009 2010 2011 2012
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024e 2025e 2026 2027e
Source: Forecast: Federal Ministry of Finance, October 2023 / Statistics Austria, March 2024
in bn EUR
7
3.51% of GDP
6
5
4
3
2
1
0
in % of GDP
3.5%
3.0%
2.5%
2.0%
1.5%
1.0%
0.5%
0.0%
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: Interest expenditures 2024e: Austrian Treasury forecast as of January 2024 / GDP: WIFO, March 2024, Statistics Austria, February 2024
1. Economic & Fiscal Overview
13
2010
2011
2012
2013
2014
2015
2016
2017
in 2023 to 1.09% of GDP in 2024
2018
Expected increase from 0.86% of GDP
2019
2020
2021
2022
2023
2024eView entire presentation