In 2021, general government structural balance for Austria was -19 billion LCU. Though Austria general government structural balance fluctuated substantially in recent years, it tended to decrease through 2002 - 2021 period ending at -19 billion LCU in 2021.
The description is composed by our digital data assistant.The structural budget balance refers to the general government cyclically adjusted balance adjusted for nonstructural elements beyond the economic cycle. These include temporary financial sector and asset price movements as well as one-off, or temporary, revenue or expenditure items. The cyclically adjusted balance is the fiscal balance adjusted for the effects of the economic cycle; see, for example, A. Fedelino. A. Ivanova and M. Horton "Computing Cyclically Adjusted Balances and Automatic Stabilizers" IMF Technical Guidance Note No. 5, http://www.imf.org/external/pubs/ft/tnm/2009/tnm0905.pdf.
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