The financial statements of 2024 are better than assumed: the minus makes 200 million euros less than expected. Criticism comes from the opposition.
The state governance presented the financial statements for 2024 on Tuesday: income of 3.4 billion euros are compensated by costs of more than 3.6 billion euros. Result: 252.4 million euros in Netto Linners balance. This is better than assuming that the debt speed can be kept stable.
“We responded quickly when we noticed that countermeasures are needed – long before it was known how much the federal budget got out of hand,” said Governor Peter Kaiser (Spö). His party colleague and finance officer Gaby Schaunig says: “We have already defined a billion saving volumes and have continuously searched every position of the state expenditure to ensure braking for the future.”
The state members emphasize risky financial transactions. Any pennies that are combined would be used to reduce the debt, according to LH site replacement Martin Gruber (ÖVP): “We will stay at structures and are currently looking at the product and performance catalog and the possibility of departmental coverings.”
The coalition has decided to save a billion euros by the end of the legislative period – a high goal. In any case, the chosen course will be observed: “Responsible and forward,” says Gruber.
Criticism by Team Carinthia and FPö
The default values are criticized by the opposition: the Carinthia team speaks of a “budget marsh”, the FPö locates a “policy of standstill and years that have been postponed”. FP -Baas Erwin Angerer: “Austria is now at the bottom of economic development in Europe and yet everything is clearly okay for the Carinthian state government because a predicted record deficiency in 2024 was slightly lower.”
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.
