Austria's EU contributions explode-Vilimsky raises the alarm!
Austria's EU contributions explode-Vilimsky raises the alarm!
Austria will be faced with considerable adjustments to the European Union in the coming years. According to information from Increase billions of euros in 2027. This corresponds to an increase of over 50 percent.
HARALD VILIMSKY, the freedom of delegation in the European Parliament, is outraged by this increase in payments. He sees the EU and the Austrian federal government as a "financial renovation case" and warns of growing dissatisfaction among the population. According to Vilimsky, billions flow to Brussels annually, while essential services such as care, education, security and support for families and companies are missing.
not only payments, but also savings required
The finance minister Magnus Brunner (ÖVP) has announced that austerity measures are necessary for all Austrians. This is in contrast to the increasing payments to the EU. Austria's debt rate is currently just below 80 percent of gross domestic product (GDP). A budget deficit of 3.5 to 3.7 percent of GDP is forecast for 2023. A similar situation is also expected for 2024, which significantly increases the challenges for the upcoming government. Kurier.at reports that the EU Commission is expected to be prescribed in summer 2025, about the high state debt fight.
Theoretical penalty payments threaten if Austria does not comply with the EU fiscal rules. Economist Dénes Kucsera calls for a review of expenses instead of tax increases. In 2023, Austria has the five highest in the EU with a state quota of 52.1 percent. This year the state has to shoot almost 30 billion euros for the pension system, a situation that Kucera rates as worrying.
The role of the EU budget in Austrian financial management
The financial challenges of Austria are also emphasized by the contributions to the EU budget and the returns from this budget. According to the report by the Federal Ministry of Finance, the Austrian contributions to the EU budget and the returns in the federal budget are recorded. The average net position in Austria from 2021 to 2023 shows an indication of the role of the country as a net payer, with an average net balance of -0.29 percent of the gross national income. In the 2024 federal premium, an Austrian EU contribution of EUR 3.1 billion is expected, while return flows in the amount of 3.3 billion euros are expected. are significant from programs such as common agricultural policy.
In summary, it can be seen that the upcoming increases in payments to the EU and the necessary savings in Germany are a difficult situation for Austria. While the population is critical of the growing financial burden, it remains to be seen how the government reacts to the financial challenges in order to comply with both EU requirements and to secure the quality of life in their own country.| Details | |
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| Ort | Österreich, Österreich |
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