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 the EU Commissioner Valdi's Dombrovskis to present measures to avert an impending deficit process of the European Union. According to OE24 in Brussels must specifically explain how the budget deficit for 2025 under the critical limit can bring of three percent of GDP. It is planned for this goal 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 that is now being presented. Mayr presents the political declaration of intent, which includes the measures for saving, which are necessary for the implementation of the budget, as from a report of the Newspaper . The requirements of the EU Commission now require detailed and solid measures that have to be submitted in good time before the next meeting of the Economic and Finance Minister on January 21 to avoid deficit procedures.

Yesterday SPÖ budget spokesman Kai Jan Krainer Mayr warned that he has the obligation to inform Parliament about the figures reported to the EU Commission. Today it will be shown whether the EU will be satisfied with the measures presented in order to avert the impending deficit procedure and to navigate the Austrian household in more stable waters.