Debt crisis: The new need for consolidation is that high!

Debt crisis: The new need for consolidation is that high!

Wien, Österreich - Today is April 3, 2025, and the consolidation requirement of the Austrian state budget has almost doubled to alarming 12 billion euros. This reported OTS . In view of a total -state minus of 22.5 billion euros in 2024, political decision -makers face an enormous challenge. Economic performance continues to show a downward trend, and the impression arises that the budget gets out of control.

The public discussion about the upcoming measures for the budget renovation and necessary answers to this crisis situation is pending. There are considerable political difficulties to provide the population clear and understandable information. A discussion round on the topic of “Zoll” will take place on Friday, April 4, 2025, at 8:15 p.m. in ORF III and on ORF on.

participant of the discussion round

Well -known experts and politicians will be represented in the round:

• Margit Schratzenstaller (budget expert Wifo)
• Andreas Hanger (budget speaker ÖVP)
• Kai Jan Krainer (SPÖ budget speaker)
• Barbara Kolm (business spokeswoman FPÖ)

The discussion will deal with the urgent questions of budget consolidation and discuss strategies to stabilize the financial situation. Further details on the program of ORF III Kultur und Information are on TV.ORF3 Available.

Current budget development

A look at the budget development shows that the net need for the federal government was 15.4 billion euros from January to September 2024. The payments rose to 10.1 billion euros by the end of September 2024, which is 13.1 % above the previous year. This was reported by parlament.gv.at . The reasons for the increasing payments include higher pension expenses, a new financial equalization and increasing personnel expenditure.

However, the income has shown weak growth, especially in sales tax. Against the background of a deteriorating economic situation and the extension of crisis measures such as the electricity price brake, the budget situation is tense. This is further complicated by a growth forecast, which could increase the public debt ratio to 79.3 % of GDP.

long -term perspectives and consolidation strategies

In addition, measures for short -term savings in the administration, the reduction of subsidies and a review and removal of special regulations could be considered. The implementation of additional taxes is seen as a necessary means if efficiency increases are not sufficient or politically desired. This strategy aims not to burden private consumption excessively and at the same time to take into account distribution policy aspects.

The current discussion and the upcoming decisions represent a crucial step for the future of Austrian budgetary policy, and the public will look forward to the results of the discussion round on April 4, 2025.