!!!Staatsverschuldung

Public Debt: In Austria the debt of the public sector (state, 
provinces, municipalities, social insurance authorities, public funds) 
amounted to ATS 1,619 billion at the end of 1997, with 90 % of 
the amount accounting for liabilities of the state. The funding of the 
public debt is effected primarily through bonds and bank loans. The 
creditors are mostly Austrian, Austria´s foreign debt came to 
around 21 % in 1997, its public debt is close to the 
international average. Among the 15 member states of the European 
Union, public debt ratios, i.e. the public debt as compared with 
economic performance, ranged from 6.7 % (Luxembourg) to 
122.2 % (Belgium) in 1997, Austria holding rank 8 with 
66.1 %.


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