How high is the budget deficit? On Monday this question must be answered and correctly answered by a full number of statistics Austria. One thing is certain: the budget deficit is likely to grow, an EU deficiency procedure will become more likely. What sum is in the room and to what extent the land finances play a role.
With the explanation that the economic research institutes “would underestimate the deficits of the federal states and communities,” Spöme Financial Minister Markus Marterbauer let you listen to last week. What he meant in concrete terms will be sure with Monday. Because, according to many estimates and calculations from different institutions, the cost truth will finally be created in terms of budget deficit in recent weeks and months on Monday.
The shortage is really that high
As reported, the biggest political problem in Austria, the budget, finally grew even greater. The state budget already showed a deficit of 19.1 billion euros, which corresponded to a Maastricht deficiency of approximately 3.9 percent. As is known, the prospects in the budget committee were clouded, which corrected the savings requirements for this year from 6.4 to a maximum of twelve billion. On Monday you can hear insider birks, the calculation can again increase in the presentation of the state finances of Statistics Austria – to 4.7 percent.
The actual budget numbers of the countries before 2024. And, as not only the Minister of Finance suspects, there must be various negative surprises. “We have to worry,” said IHS Baas Holger Bonin on Sunday at ORF.
Vienna and lower balance of Austria better than planned
In any case, it was made in Styria at the beginning of the year. The budget outcome was 900 million euros in the previous year and therefore about twice as much as the 438 million predicted in the provisional budget. It is not yet known which federal states have to do with from bijters.
In any case, you do not want to be able to push the black godfather in the Red Vienna. “Vienna was the only federal state in 2023 and 2024 that has economic growth. Moreover, Vienna will be better than predicting in 2024,” calculates Mayor Michael Ludwig. It is also said in Lower Austria that it is better balanced than originally estimated.
Shortage procedures are becoming increasingly realistic
Given the cloudy prospects, an EU deficiency procedure that at least wanted to turn away the ÖVP is becoming increasingly likely. According to De Bonin, much more than every procedure is required in particular for sustainable measures to renovate budgets, such as removing subsidies for climate damage. Private households can also be “duty”.
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.
