Press Release: Commission assesses stability programme of Austria

Having examined its updated stability programme, the European Commission finds that Austria could be more ambitious and achieve its objective of a balanced budget more quickly than currently envisaged. The risks to the budgetary projections in the programme appear broadly balanced for 2007 and 2008, but for 2009 and 2010, the budgetary outcomes could be worse than projected. For this reason, the budgetary stance in the programme may not be sufficient to ensure that a balanced budget is achieved by 2010, as envisaged in the programme. The Council is expected to adopt an opinion on the programme on 10 July 2007.