Vienna threatens to be a budget: 3.8 billion euros are missing - what now?

Vienna threatens to be a budget: 3.8 billion euros are missing - what now?

Wien, Österreich - In the Vienna Finanzwelt, it is bubbling! Financial City Councilor Peter Hanke (SPÖ) warns of a dramatic increase in the city's budget deficit, which could possibly increase up to 3.8 billion euros. This worrying report comes in an election year and increases the excitement in the finance committee, where a minus of 2.2 billion euros was already planned. The main causes of the impending financial disaster are persistent inflation and increased personnel costs. According to krone.at the situation is so serious that the city of Vienna could be forced to take drastic austerity measures!

allegations and responsibility

The ÖVP calls for the financial misery that economic growth does not endanger, such as a reform of the minimum security. The increase in minimum security, which has already increased enormously in recent years, has further increased the pressure on the budget. However, Hanke speaks plain text and blames the federal government for the tense situation. "Especially from the ÖVP, which costs what it wool 'policy has caused the greatest budget-like in the history of the Republic, criticism is now coming. This is a political child movement at a high level," said Hanke in a sharp distinction towards the accusations of the opposition, such as ots.at reported.

The feedback on the federal government's budget policy is also very critical. The waiver of counter -financing in tax relief caused Vienna to lose over 420 million euros annually. However, Hanke emphasizes that despite this tense situation, areas such as health care and social services must continue to be secured. Thanks to stable reserves of 1.5 billion euros and a fortune of around 36 billion euros, the city has a solid basis, but the overall picture for Vienna and the other federal states is conceivable, which could lead to the need to evaluate the financial equalization.