Double budget 2025/26: House renovation or total capital?
Double budget 2025/26: House renovation or total capital?
Wien, Österreich - On May 14, 2025, Finance Minister Markus Marterbauer presented the double budget for the years 2025 and 2026 in the National Council. This budgetary package includes the Federal Finance Act and the federal financial framework by 2029. For 2025, revenues of EUR 105.1 billion and expenditure of 123.2 billion euros are planned, which leads to a deficit of 4.5 % of the gross domestic product (GDP). In 2026, an income volume of 107.6 billion euros is expected, while expenses increase to EUR 125.9 billion, which results in a deficit of 4.2 %. Both years significantly exceed the Maastricht specification of 3 % deficit. The debt rate is expected to increase from 84.7 % in 2025 to 87 % in 2028 and drop to 86.9 % in 2029. 5min.at reports that the Federal Government is working on a budget renovation course to lower the high state deficit.
During the budget speech, Marterbauer emphasized that the package is a "huge savings package", which serves both to reduce the deficit and the preservation of the welfare state. Budget planning also provides extensive measures, including a tax increase on banks and gambling as well as the creation of more investment scope.
political reactions to the double budget
The reactions of the political parties to the double budget were mixed. FPÖ club chairman Herbert Kickl criticized the budget as a "total capital" and demanded new elections. In particular, the increase in health insurance contributions for pensioners and the absence of increases in family benefits were sharply denounced. ÖVP club chairman August Wöginger, on the other hand, emphasized the need for consolidation, reforms and investments in order to secure the economic strength of Austria in the long term.
SPÖ club chairman Philip Kucher spoke of a "gigantic challenge" in budget renovation and emphasized the social aspects. Neos club chairman Yannick Shetty also called for an "urgently needed catch-up in education" and a solid budget that supports this. Green club chairman Werner Kogler expressed inquiries about the social justice of the budget and criticized environmentally harmful subsidies.
concrete measures for budget renovation
In order to enable the desired budget renovation, the Federal Government plans measures of 6.4 billion euros for 2025 and 8.7 billion euros for 2026. In the first week after the removal, measures worth approximately 1.25 billion euros have already been decided. These initiatives are part of a comprehensive reformist approach that also provides for coordination to adapt the taxation of large real estate transactions.
Other proposed measures include the increase in gambling taxes and the suspension of the inflation adjustment of the income tax tariff. For 2025 and 2026, relief measures in the amount of 170 million euros or 273 million euros are to be implemented. This also includes the tax -free submission of women's hygiene items and contraceptives. A public hearing for the budget draft is scheduled for June 3, and the final decision is planned for June 18th.
For detailed information on the budget designs as well as interactive graphics and tables, there are comprehensive documents at the Federal Ministry of Finance available.
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| Ort | Wien, Österreich |
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