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 updat programm envisag declin gener govern budget deficit gdp balanc posit year govern gross debt expect decreas gdp refer council note satisfact complianc recommend previou updat programm current programm envisag faster reduct govern deficit council acknowledg budgetari goal achiev resort measur includ previou updat council note spite higher project growth estim deficit current updat lower project previou programm origin unbudget univers mobil telecommun system umt proce exclud council recommend opinion previou updat recommend june broad econom polici guidelin bepg event higher growth deficit outcom achiev data present conclus apprais implement budget outcom gener govern deficit lower object gdp austria fulli compli year council opinion bepg recommend deficit project programm base macroeconom scenario expect output growth declin cyclic peak resum amount annual averag growth forecast period council consid expect growth feasibl view present good suppli demand condit austrian economi underli budgetari posit implicit deficit goal line requir stabil growth pact onward provid austrian govern financ larg safeti margin withstand normal cyclic downturn breach gdp refer deficit council note satisfact accord recommend stabil growth pact respect earlier view favour econom condit council note initi year programm deficit reduct reli heavili revenu side measur consequ high tax burden austria rise offset effect incom tax reform council invit austrian govern measur permit signific declin tax burden labour preserv budgetari adjust path council consid achiev balanc budget strict budgetari implement level govern crucial essenti view uncertainti save estim public administr pension reform level bundesländ expenditur cut achiev surplus requir nation stabil pact larg remain defin council acknowledg half total envisag consolid origin expenditur save requir achiev budgetari consolid lock budgetari disciplin maintain year addit spend revenu reduct includ envisag programm made strictli conting compensatori expenditur cut light medium longer term challeng public financ due popul ag render govern financ conduc invest growth council consid fiscal adjust continu determin council acknowledg ongo structur reform austrian economi line broad econom polici guidelin recent reform earli retir council encourag austrian govern continu reform effort order achiev safeguard sustain govern financ medium longer term pension system health care sector council invit author provid inform issu updat programm council encourag austrian govern continu determinedli reform product capit market view enhanc competit foster provis risk capit improv entrepreneuri dynam corpor govern oj oj