Vienna – Every three years the Ministry of Finance presents a long-term budget forecast. In the current report on the development of public finances up to 2060, the outlook for the debt ratio and the Maastricht balance is significantly less favorable than three years ago. According to the forecast, the debt ratio will rise to 148.2 percent of gross domestic product (GDP) by 2060. The reasons for this are increasing interest expenses and the aging of society.
