The construction cost subsidy of 100,000 euros for homes requested by social partners is not a well-thought-out idea, says Finance Minister Magnus Brunner. Why he didn’t miscalculate the budget and why private services should be fiscally subsidized – if the Greens can be convinced.
“Kron”: Your budget planning required debts almost twice as high: how can a finance minister suddenly find nine billion? How can you misjudge yourself so much?
Magnus Brunner: We did not miscalculate. We must be careful in forecasting and stick to the assessments of economic experts. They vary, but we stick to the most prudent ones. That’s a godsend if we take on less debt, but it’s still debt. Of the budgeted expenditure on subsidies and energy cost subsidies, for example, 6 billion was not necessary. In addition, there are low interest payments and higher income.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
