Finance Minister Magnus Brunner (ÖVP) faces a problem: According to the Court of Auditors, the federal subsidy for pensions is exploding.
It is and remains a long-standing issue – the issue of pensions. Not only that the retirees are urgently waiting for an adjustment in the cost of living; Finance Minister Brunner is faced with the dilemma that the pension gap in the budget is increasing.
Grant doubles
A red-hot list from the Court of Auditors shows a dramatic development: by 2030, the federal government must contribute 19.7 billion euros to pensions. That’s a duplication. In 2035 that will already be 28.9 billion euros. In addition, there is 12.5 billion euros for civil servants’ pensions, which the federal government has to pay.
If there are increases or valorisations as a result of inflation, this will put extra pressure on the budget. ÖVP senior boss Ingrid Korosec is pushing for full compensation for inflation. That doesn’t matter with the exploding budget numbers if Brunner doesn’t want the budget to spiral out of control.
The Neos sound the alarm. Pink MP Gerald Loacker accuses the government of being “afraid to tell people the truth”. “There is simply not enough money for increases above inflation. And because we live longer, we also have to work longer.” Otherwise funding would not run out.
Source: Krone
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