In the “Rainer-Novak talk” on Krone.tv, the renowned economists Margit Schatzenstaller from Wifo and Hanno Lorenz from the Austria agenda were a guest.
The budget deficit explodes. Up to 4.7 percent of GDP. Politicians are surprised. How can this be explained? According to the experts, predictions are not always clear. Near no exact science. Hanno Lorenz: “The goal of 3 percent Maastricht criteria was not ambitious. But it was seen throughout the legislative period and you let it go.” There is also a political failure. Moreover, people had too high with pensioners and officials. Margit Schatzenstaller van Wifo agreed to some points. The researchers had already warned in the spring that the border could not be stored. But in the months before the elections it was difficult to prevent. But if the election of Vienna has survived, there is a phase without important elections, then you could prevent.
Economist Lorenz demands serious reforms, also in the pension system. “You have to act now and not always talk what is not possible”. Schratzenstallaller thinks you should think after 2025/26. Otherwise that would be a mistake. She also wants profound reforms, for example in federalism. “If we start now, we have good opportunities to dampen the costs in many areas.”
Looking for the entire program on krone.tv on krone.at
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.
