Fight for budgetary policy: Who brings the urgently needed reforms?

Fight for budgetary policy: Who brings the urgently needed reforms?

In a political turn, the NEOs were able to avert an EU deficit procedure, which is considered an important step for the financial location of Austria. Niki Scherak, the deputy club chairman of the NEOS, said that the negotiations in the triple coalition led to this success. Nevertheless, Scherak warns that the ÖVP and FPÖ have to show more commitment to budget consolidation. The required savings requirement of 18 billion euros requires courageous reforms and efficiency measures, not only short -term cuts. So far, only the bare essentials have been made to clean up the budget, which creates a short -term breathroom, but no scope for necessary investments in education or economy, such as APAOTS

house policy between reform and restriction

at the same time, the reform of the debt brake is discussed intensively. The budgetary situation is the focus of the political discussion, especially with regard to the need for the need for planned investments. Various institutions, including the Bundesbank and the International Monetary Fund, have submitted reform proposals. A central point of the debate is the interaction between the EU fiscal rules and the German debt brake. While some voices advocate a reform of the debt brake and indicate that the new EU rules are more restrictive, an investigation shows that these EU rules can actually offer more scope for debt-financed expenses. It is emphasized that investments in growth must be supported by accompanying measures to ensure long-term financial stability, such as "https://www.bertelsmann-stiftung.de/de/unsere-projekte/europas-wirtschaft/proeform-chuldenbremse"> Bertelsmann Stiftung explained.