Hanger demands saving for investments - this is how Austria's future should look like!

Hanger demands saving for investments - this is how Austria's future should look like!

Wien, Österreich - In the National Council there was a remarkable debate on budget consolidation today, in which the ÖVP budget spokesman Andreas Hanger emphasized the importance of strict adherence to fiscal rules. In his contribution, Hanger said that saving had to create a necessary basis for future investments. "Entrepreneurs only invest if they believe in the future of their company," he said, making it clear that it requires a balance between austerity measures and economic incentives. A higher savings rate could offer individual security and at the same time invest in consumption to promote economic stability.

In addition, Hanger called on all levels of politics, including the federal government, countries, municipalities and social security institutions. His demand for a joint effort for saving and investing is more important than ever, since Austria is faced with financial challenges. According to information, the state sector has had an average deficit of 3% of GDP since 1995; For 2024, however, an increase to almost 4% of GDP is forecast, which underlines the need for consistent budget consolidation. awblog.at -in-budget-consolidated) also emphasizes that the deficit tends to decrease in phases of the high economy, while it increases in recessions.

The role of the savings rate

The increasing savings rate of private households is a central aspect, especially in the current recession of inflation, in which it has risen to over 5% of GDP. This development can be attributed to various factors, including inequality in the distribution of income and precaution, which is reinforced by consumption. However, this appropriateness of the savings rate could also be understood as a potential for measures to increase the tendency to consumption, according to the analysis of ots.at .