While opposition, NGOs and even red bastions such as AK and ÖGB criticize the double budget that is presented by Markus Marterbauer, the government parties jump in the Bresch for the Minister of Spö Finance. Industrial Association and Chamber of Commerce also see positive steps in the planned austerity measures.
The budget deficit is expected to fall from 4.7 to 4.5 percent of GDP this year. It should be 4.2 percent next year and in 2028 the government is planning to come from the corresponding EU deficiency procedure. These are the most important conclusions of the double budget. New austerity measures such as an increase in the e-card compensation and an expensive climate kit were also known.
For example, Minister of Economic Affairs Wolfgang Hattmannsdorfer (ÖVP) said to the double budget: “Consolidation influences everyone. Everyone makes a contribution.”
Chancellor: spending discipline and structural long -term reforms
Chancellor Christian Stocker (ÖVP) spoke about a “first step to put the state budget on solid and resilient legs again”. The government does this “for economic reason and tax political responsibility”. The focus was on the output discipline and long -term structural reforms, the People’s Party emphasized. This creates the scope for future investments.
“Very big milestone”
You say goodbye to “the financing that shoots” and invest in a targeted way in which “it is really logical and where it is about future investments,” said the responsible financial State Secretary Barbara Eibinger-Miedl (ÖVP). In a background of the background, Eibinger-Miedl spoke about a “very large milestone” and emphasized good cooperation with Minister of Finance Markus Marterbauer (Spö).
Neos Club -chairman Yannick Shetty was in turn satisfied that he had achieved a first goal with the savings.
Industrial Association requires more
The opinion of the Industrial Association (IV) is careful. The seriousness of the situation was in fact recognized, “but the path to a sustainable sustainable budget path requires more symbolic steps more than before,” IV president Georg Knill criticized. The announced “Save in the system” has not yet been used to the necessary extent.
IV sees investments in research and development, educational measures, measures for international acquisitions of trained employees and savings in educational leave, in the pension area and family services. However, there is no consequence in the implementation of necessary structural reforms.
The Chamber of Commerce (WKö) also sees a “first step to stabilize the current financial situation”, which “but still have to follow structurally further reforms” to achieve a sustainable budget path in the medium term.
There is praise for the tax exemption for the bonus of the employees, the improvement of the fundamental flat rate and the announced Nova exemption from small trucks. The WKö, in a statement
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.
