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Burgenland in turmoil: SPÖ's secret plan costs us ten million!
Budget deficit in Austria: SPÖ secret plan with building land mobilization levy, ÖVP criticized. Focus on measures for 2025 and possible tax increases.
Burgenland in turmoil: SPÖ's secret plan costs us ten million!
In an explosive debate about the upcoming budget in Burgenland, ÖVP state party chairman Christian Sagartz revealed the so-called “SPÖ secret plan”. According to Sagartz, the budget for the coming year is expected to generate around ten million euros from the newly introduced building land mobilization levy. This tax will be taken directly from the pockets of Burgenlanders, without this tax having been collected to date. Young and old are already fearing that the SPÖ will use this measure to restructure its empty coffers after the state elections, as the ORF reported.
Meanwhile, the financial portal Finanz.at reports alarming news about the budget deficit in Austria. The Fiscal Council warns of a 3.9 percent decline in gross domestic product (GDP) this year, which could rise to 4.1 percent in 2025. In order to cope with this financial nightmare, the ÖVP, SPÖ and NEOS parties are negotiating possible savings, but experts make it clear: the big hole in the budget cannot be filled through cuts alone. It is expected that various taxes and duties will also have to be increased in order to fill household coffers.
Tax increases under discussion
The air is becoming increasingly thinner for politicians, and the uncertainty about the exact measures is becoming more and more tangible. A whole arsenal of possible savings measures is being discussed, from withdrawing the increased commuter allowance to further tax increases. Time is of the essence and the coming decisions could be crucial for Austria's financial future, while people are already feeling the impact on their wallets, especially with the increase in property tax, which is no longer ruled out.