Finance Minister Mayr in Brussels: This is how Austria wants to save the deficit!

Finance Minister Mayr in Brussels: This is how Austria wants to save the deficit!

Finance Minister Gunter Mayr is now the focus of European financial policy. In Brussels he meets with EU Commissioner Valdis Dombrovskis to present measures that are intended to avert an impending deficit procedure in the European Union. Loud oe24 The Austrian government must explain specifically in Brussels how the budget deficit for 2025 can be brought below the critical limit of three percent of GDP. To achieve this goal, it is planned to save up to 6.4 billion euros.

Political declaration of intent and austerity measures

The coalition parties FPÖ and ÖVP have agreed on a common budget path, which will now be presented. Mayr presented the political declaration of intent, which includes the savings measures necessary for the implementation of the budget, according to a report by the Small newspaper emerges. The EU Commission's requirements now require detailed and solid measures, which must be submitted in good time before the next meeting of economics and finance ministers on January 21st in order to avoid an excessive deficit procedure.

Yesterday, SPÖ budget spokesman Kai Jan Krainer Mayr warned that he has a duty to inform parliament about the figures that will be reported to the EU Commission. Today it will become clear whether the EU will be satisfied with the measures presented in order to avert the looming deficit procedure and navigate the Austrian budget into more stable waters.