(AFX UK Focus) 2010-03-09 11:15 Austria aims for deficit below 3 pct by 2013 -finmin (Interactive Investor)

9 March 2010, 3:43 am

VIENNA, March 9 (Reuters) - Austria's government will raise taxes and cut spending to trim its budget deficit to 4 percent of gross domestic product in 2011 and bring it back below the European Union's ceiling by 2013, the finance ministry said on Tuesday. The government expects the deficit to rise to 4.7 percent of GDP this year from 3.5 percent in 2009, as stimulus measures and expenses ...... Read More »

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