Austria's savings plans: 20 billion euros in savings by 2028 threaten!

In Austrian politics, a drastic budget renovation is bought: The fiscal council has created a groundbreaking savings list worth around 20 billion euros, which only needs to be selected, as OE24 reports. This list is not just a solution proposal, but a wake -up call for the coalition negotiators of the ÖVP, SPÖ and NEOS, which have to save between 18 and 24 billion euros by 2028. Christoph Badelt, Austria's top debt, describes the situation as follows: "You only need to sit down and select measures". However, these savings are significant and affect numerous public expenses.

The suggestions that include saving the climate monus by 2.3 billion euros, as well as the abolition of the climate kit, which would save around 600 million euros. Further savings could be achieved by reducing climate -damaging subsidies. According to the ORF, the consolidation requirement could lead to saving 14 billion euros by the end of the legislative period, whereby the educational leave could be wiggled in particular, which would save around 650 million euros. In addition, the funding rates could also be reduced to the EU average, which promises further financial relief.

concrete savings and political priorities

While the ÖVP urges the clarification of the EU finance up to the coalition talks, it can be seen that the savings targets vary greatly depending on the reference path. A four -year path would need a saving of 14.8 billion euros, while a seven -year path has 18.4 billion euros. Whether a deficit procedure will be necessary is in the stars, since an agreement between the government parties is still imminent. The goal remains to fulfill the requirements of the EU until mid -January in order to escape a possible initiation of a deficit procedure, which, according to ORF, would be directed against the economic well -being of the country.

The political negotiations are characterized by a strict budget policy that must take a look at all aspects of public expenses. Both the ÖVP and the SPÖ have to agree on a common denominator, while possible measures such as sanctions in the field of education and the climate protection law are also on the agenda. A clear discussion and willingness to compromise are essential to meet the challenges of the upcoming budget consolidation.