Vienna sees rosy future: debt stability despite challenges!

Vienna sees rosy future: debt stability despite challenges!

The financial situation in Vienna is surprisingly stable: The Financial City Councilor Hanke reported that the budget for 2024 is doing better compared to the previous year. He explained that the deficit could only be 3.8 billion euros, an increase in an original estimate of 2.3 billion euros. This is primarily due to a decline in the federal income share of 420 million euros and reflects the developments on the labor market, where the record employment has contributed to higher income from local tax. Hanke emphasized that this number of a "worst case scenario" corresponds. Despite these challenges, the 365-euro annual card remains and there are no extraordinary increases in fees, which should continue to relieve the citizens, so Wien.at .

Bundes budget 2024: Netto -frame and investments

At the federal level, the net loan (NKA) was set at EUR 33.3 billion in 2024, which is below the NKA in the budget by 5.7 billion euros. The investment expenses, which pose the highest amount in one year at 56.7 billion euros, are particularly remarkable. Despite persistent economic uncertainties due to inflation and geopolitical tensions, the federal budget remains stable. The expenditure was 1.9 percent higher than in 2023, while tax revenue rose by 12.3 percent. This shows a positive development, which, however, not all industries records at the same time: in particular, the earnings situation in industry suffered from the fact that the advent of corporation tax decreased. This information comes from the provisional budget final reports that correlate with the positive situation of the federal budget, such as Federal Finance Ministry. reported.