Government Stocker starts with great pressure with budget negotiations!

Government Stocker starts with great pressure with budget negotiations!

The new Austrian federal government, consisting of the ÖVP, SPÖ and Neos, was praised on March 3, 2025. After a long phase of government formation of 155 days, which was characterized by failed negotiations, the party leaders presented their government plan. Together with Federal President Alexander Van der Bellen, the new coalition promised to become active now, as [Weltbund.at] reported. At the top is Chancellor Christian Stocker (ÖVP), supported by Vice Chancellor Andreas Babler (SPÖ) and Foreign Minister Beate Meinl-Reisinger (NEOS).

One of the first major challenges that the new government has to tackle concerns the budget process. According to [oe24.at], the negotiations of the financial department with the individual ministries will begin in the coming days. These talks will continue until April, while the budget speech by Finance Minister Markus Marterbauer is scheduled for May 13th, followed by a conclusion of the parliamentary process until July 1. State Secretary Michaela Schmidt emphasized that the process will not be pleasant in view of the need for a savings. The goal of the government is to avoid an EU deficit procedure and at the same time to strengthen Austria.

government program and measures

The triple coalition also sees itself under pressure to develop various measures and strategies to promote the location. The federal government plans to create an industrial and skilled worker strategy and facilitate approval processes. These innovations should help companies in Austria and at the same time improve the employment situation.