Debt explosion in Austria: FPÖ warns of financial catastrophe!

Debt explosion in Austria: FPÖ warns of financial catastrophe!

The state debts of Austria increase to alarming 398.4 billion euros, as the current message from "Statistics Austria" shows. FPÖ financial spokesman NABG. Hubert Fuchs sharply criticized this and described the Situation as the result of the failure of the black and green government. "Before the election, the former finance minister Brunner said that we will comply with the Maastricht debt limit," said Fuchs. But reality shows that debts rose by 3.6 billion euros in just one quarter. A deficit procedure of the EU threatens what could still tighten the financial problems. Fuchs found that there have been an incredible 106 billion euros in new debts under ÖVP responsibility since 2018, which made the ÖVP the largest debt maker party in the history of the 2nd Republic and asked the question of the budget discipline. The FPÖ also takes access to the finances because the ÖVP is no longer trustworthy regarding its public statements, reported the website "OTS".

budget policy and future

Fuchs also commented on the plans of the ÖVP finance minister Brunner, whom he described as "without ambition". In an interview with Ö1, he explained that the budget of the black and green government could endanger the prosperity of citizens and could only be interpreted as a waste of tax money. Fuchs demands incentives for pensioners to actively return to their professional life and rejects an increase in retirement age over 65 years. "The cold progression was not fully abolished, which means that employees continue to suffer from high inflation and cannot save anything," said Fuchs critically. He accused the current finance minister to ruthlessly benefit from the citizens in VAT and cold progression and thus fuel a crisis. Fuchs emphasizes how important it is that new elections are quickly convened to guarantee Austria's leadership by the FPÖ with their Chancellor candidate Herbert Kickl.

The political tensions in the country are clearly shown in the current statements of the FPÖ, which positions themselves as the lawyer of taxpayers in a time increasing debt and oppressive inflation. According to the reports from "fpoe.at", it remains to be seen how the government reacts to this massive criticism and the impending financial problems, she still deals with internal challenges.