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Published: 10/16/2020

Assessment by the Fiscal Council: Fulfilment of conditions for the enforcement of exceptional circumstances

The Fiscal Council notes that, given the available data and forecasts at the time of drafting this assessment, both conditions are met, which, pursuant to Article 12 of the Fiscal Rule Act (hereinafter: ZFisP), enable exceptional circumstances to be enforced and thus permit a temporary deviation from achieving medium-term fiscal sustainability. In 2021, at least one of both legally stipulated conditions is expected to be met, while for 2022 this cannot be unequivocally confirmed. These findings are not static, but depend on the given circumstances and available forecasts, which is why they are subject to uncertainties and may change in the future.

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