council opinion februari updat stabil programm austria council european union regard treati establish european commun regard council regul ec juli strengthen surveil budgetari posit surveil coordin econom polici articl thereof regard recommend commiss consult econom financi committe deliv opinion februari council examin updat stabil programm austria cover period decad austrian economi grew averag year real term match growth rate euro zone job creation dynam euro area austria enjoi lowest unemploy rate eu budgetari term countri achiev quot surplu close balanc posit quot public financ recent develop characteris relaps deficit gdp opinion januari previou updat stabil programm cover period council invit austria achiev higher degre front load budget consolid path lai greater detail specif measur signific budget consolid achiev year programm preliminari result gener govern deficit amount gdp percentag point lower plan updat programm forecast commiss servic plan result due favour foreseen develop revenu side spite substanti tax cut plan expenditur exceed smaller margin programm broadli model structur data provis requir stabil converg programm code conduct updat real gdp growth expect pick annual rate slower previous assum growth result widen neg output gap attribut buoyant intern trade higher oil price pick econom activ outer year programm expect back grow invest privat consumpt short term medium term scenario base plausibl growth assumpt expect employ gain optimist inflat expect declin plausibl programm describ budgetari strategi quot prong quot aim balanc budget econom cycl strategi forese declin tax burden gdp envisag rais potenti growth foster invest research educ infrastructur updat target declin gener govern deficit gdp increas primari surplu gdp revenu expect fall percentag point gdp period plan consolid reli expenditur restraint expenditur gdp ratio drop percentag point bulk retrench expenditur side fall categori quot primari expenditur quot quot social transfer quot compar previou programm updat broadli confirm plan adjust favour macroeconom scenario programm period structur balanc cyclic adjust balanc net temporari measur calcul commonli agre methodolog base programm data plan improv averag gdp year programm set medium term object mto budgetari posit gdp structur term aim achiev posit appropri programm mto li rang euro area erm ii member state stabil growth pact code conduct adequ reflect debt ratio averag potenti output growth long term budgetari path project plausibl base legisl measur consolid fulli substanti polici measur discuss updat half expenditur restraint effort fall categori quot primari expenditur quot inform provid programm top credibl project improv reli larg effect austrian nation stabil pact experi previou pact offer limit determin target respect view risk assess budgetari stanc programm suffici ensur programm mto achiev budgetari strategi condit implement present programm adequ achiev budgetari posit structur term consid pact end programm period addit budgetari stanc programm provid suffici safeti margin breach gdp deficit threshold normal macroeconom fluctuat programm period pace adjust programm mto impli programm fulli line stabil growth pact specifi euro area erm ii member state annual improv structur balanc gdp benchmark adjust higher good econom time lower bad econom time commiss servic adjust slower annual averag foreseen programm compat requir pact face neg output gap programm period debt ratio estim reach gdp slightli gdp treati refer programm project debt ratio declin percentag point programm period return refer risk project evolut debt ratio broadli balanc hand higher target deficit endang adher adjust path present programm hand updat includ potenti privatis receipt view risk assess debt ratio suffici diminish refer regard sustain public financ austria appear low risk ground project budgetari cost ag popul level debt gdp project fall remain refer assumpt plan budgetari consolid implement austria recent pension reform contribut significantli contain futur increas public expenditur structur deficit govern financ correct pose risk public financ sustain implement plan consolid public financ medium term instrument reduc risk public financ sustain envisag measur area public financ broadli consist broad econom polici guidelin period measur line guidelin recommend safeguard econom fiscal sustain promot effici alloc resourc gear higher growth employ nation reform programm austria submit octob identifi achiev sustain public financ kei challeng austria spell futur measur envisag meet challeng respect stabil programm detail provid inform measur contribut consolid public financ budgetari implic action microeconom employ area outlin nation reform programm broadli reflect budgetari project stabil programm outlin measur aim make public administr health care system effici complement propos institut featur public financ comprehens reform legisl govern budgetari process austria consist introduct medium term budgetari framework shift input domin object driven budget measur line prioriti laid nation reform programm view assess council welcom ambiti structur adjust plan programm period council invit austria make programm mto achiev end updat period implement measur support budgetari consolid plan final year programm comparison kei macroeconom budgetari project note sourc stabil programm sp commiss servic autumn econom forecast commiss servic calcul real gdp chang sp nov nov sp nov hicp inflat sp nov nov sp nov output gap potenti gdp sp nov nov sp nov gener govern balanc gdp sp nov nov sp nov primari balanc gdp sp nov nov sp nov cyclic adjust balanc structur balanc gdp sp nov nov sp nov govern gross debt gdp sp nov nov sp nov oj regul amend regul ec oj document refer text found websit http europa eu int comm economi financ activ sgp main en htm compulsori option data prescrib minor gap miss calcul tax burden tabl detail long term sustain provid technic assess programm commiss servic http europa eu int comm economi financ activ sgp main en htm commiss servic calcul basi inform programm commiss servic autumn forecast project deficit debt ratio adjust compar project stabil programm recalcul ratio basi gdp seri base estim potenti growth period