Budget dispute threatens to blow up a traffic light coalition-negotiators under pressure!

Budget dispute threatens to blow up a traffic light coalition-negotiators under pressure!

Österreich - The negotiations on the possible formation of a traffic light coalition in Austria hardly get going. The mood between the big parties ÖVP and SPÖ is anything but harmonious. As Today. Financial and tax policy in particular turns out to be a central field of dispute, since the SPÖ demands an increase in revenue by new taxes, while the ÖVP insists on reducing expenses. Here there is a risk of a budget conflict that could put the entire coalition formation in danger, because a financial hole of 15 billion euros will be placed in the state treasury for the coming years.

In the first week of the government negotiations, it became clear that the different ideas of the parties also collide in the business cluster. The ÖVP represents a strictly negative attitude towards new taxes, while the SPÖ indicates the urgent need for increases in income. "If the SPÖ insisted on wealth taxes, the negotiations will quickly come to an end," said Chancellor Karl Nehammer, as