The ‘Krone’ report on Styria’s debt mountain, which has grown to 6.4 billion euros (instead of the expected 6.15 billion), is causing excitement and strong political reactions. The opposition with the Greens, Neos and KPÖ is now calling on the state government to act quickly.
The “Krone” report on the dramatic financial situation in Styria provokes strong political reactions: there is a huge hole in the state budget, the finance department assumes a record deficit of 900 million euros (instead of the calculated 438 million) for 2024, and the debt mountain will grow by 6.4 billion euros (instead of 6.15 billion).
Top reasons: lower-yield stocks, the long-term consequences of inflation. The new state government has already announced that it wants to take countermeasures and, for example, question the financing expenditure.
Greens: “No concrete measures”
This is not enough for the Greens: “The fact that the FPÖ and ÖVP have not included concrete budget restructuring measures in their program is revenge. Missing out on income – tax on second homes, ORF state tax without counter-financing – will make the situation even worse,” fears club president Sandra Krautwaschl.
“Setting up additional structures such as a documentation center for political Islam or a Corona committee” will also be expensive.
Neos: “No more financing jungle”
Neos boss Niko Swatek calls on the state government to “finally examine all expenditure and, following the government’s withdrawal, embark on a clear path of debt relief for the country.” The financing jungle must end.
KPÖ warns of huge cuts
KPÖ club leader Claudia Klimt-Weithaler warns that Blauw-Zwart could use its record debts “as an excuse to implement massive cuts”: “What we least need now is a brutal austerity measure at the expense of the broad masses.” equalization is unfair and needs to be re-regulated. “The people of Styria should not pay for this!”
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.
