There is talk of 3.8 billion euros in new debt in Vienna this year. We asked SPÖ Finance Councilor Peter Hanke: Will it really be that bad? And where should savings be made?
A precision landing! This is how Viennese City Councilor for Finance Peter Hanke (SPÖ) describes the year 2024. “I have kept all my last seven budgets. And this also applies to the previous year, as will appear from the annual accounts.” This means a new debt of 2.1 billion euros. Vienna wouldn’t be in such a bad position, especially compared to our German neighbors. Vienna’s total debt: 11.9 billion euros. For comparison: Hamburg is deeply in the red with 23 billion euros and Berlin with 65 billion euros.
Source: Krone
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
