Budget crisis: government has to cope with severe savings process!
Budget crisis: government has to cope with severe savings process!
The Austrian federal government has decided to have a comprehensive budget schedule that is due to start operational discussions with the individual ministries in the coming days. State Secretary Michaela Schmidt emphasized that this process will be "pleasant for nobody" because the country is under considerable pressure to save. Financing will be central to the ongoing discussions to avert an impending EU deficit procedure, as in the reports of and Salzburg24 is explained.
Before the meeting, the executives of the government parties, including Federal Chancellor Christian Stocker (ÖVP) and Vice Chancellor Andreas Babler (SPÖ), revealed both their fears and their ambitious plans to strengthen the business location. A central component of this strategy is the development of an industrial and specialist strategy that was agreed at a closed conference until Tuesday. The simplification of approval procedures is also on the agenda to reduce bureaucratic hurdles, as can be seen in the summary information of the The next steps include a budget speech by finance Minister Markus Marterbauer (SPÖ), which is scheduled for May 13th in the National Council. The entire parliamentary process should be completed by July 1, 2025. The hurdles are high, but the government is determined to face the pressure of the financial challenges, while at the same time looking for new ways for the economic stability of the country.| Details | |
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| Ort | Österreich |
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