Budget crisis 2025: FPÖ and ÖVP cordial billions of package!

Budget crisis 2025: FPÖ and ÖVP cordial billions of package!

Brüssel, Belgien - On January 16, 2025, the FPÖ and ÖVP presented an agreement on budget consolidation, which is necessary to avoid a deficit procedure from the EU. As the Kleine Zeitung , the household consolidation of 6.3 billion euros in 2025, requires a healthy financial basis too create. Party representatives emphasized that this process must be implemented as quickly as possible in order to meet the EU requirements. FPÖ boss Herbert Kickl pointed out that his party's reform ideas have to be pushed to the long bank for the time being. When presenting the budget, however, specific details on the planned savings remained largely vague.

Especially in the health sector are serious cuts, as can be seen from a letter from the Ministry of Finance, which was sent to the EU Commission. Savings of a total of 320 million euros are provided here - 270 million euros by adapting health insurance contributions and 50 million euros by further measures that still need to be defined, reported 5min.at . These cuts are implemented in a wider savings package, which also includes cuts in climate monus and in educational leave. FPÖ negotiator Arnold Schiefer stated that soon more comprehensive information will be informed about the changes, while the incumbent finance minister Gunter Mayr will travel to Brussels this week to present the official plans.

important plans for the financial future

The financing plan stipulates that more than 18 billion euros have to be saved as part of the consolidation by 2031. Additional measures such as the adaptation of taxes and efficiency increases through reforms are sought. According to Kickl, new "mass taxes" are not introduced, but increases can be expected. Most of the savings are to be realized by reducing funding, especially in the climate monus and in educational leave. These steps mark a profound change of course in Austrian financial policy, especially with regard to the ongoing negotiations with the EU.