Upper Austria's budget: Saving without sacrificing important investments!

Upper Austria's budget: Saving without sacrificing important investments!

Oberösterreich, Österreich - Upper Austria plans a comprehensive savings measure for the budget year 2026 and is described as financially stable. According to the Kleine Zeitung , the salary qualification for the public service is used as a yard Elementary pedagogy and guest houses are excluded from certain budget requirements. This is a sign that despite a medium -term financial plan with a minus of 226.1 million euros, a balance between austerity measures and necessary investments should be found.

The governor of Upper Austria, Thomas Stelzer, emphasizes that it is important to drive in sight to avoid debt. While other federal states have to make drastic budget cuts, Upper Austria is considered a “model student” in the financial management in the federal states comparison. The individual departments are responsible for the implementation of the requirements and the setting of focus in preparation for the upcoming budget talks in autumn.

financial challenges and forecasts

The financial situation in Austria could still deteriorate. According to the fiskalrat , the announced high budget deficits are the result of an economic policy without counter-financing and the ongoing inflation. Even if the labor market remains robust, the budget situation could be tightened by a changed revenue and expenditure structure. The fiscal council also warns that the debt rate remains well above the pre -crisis level.

Reporting on public finances is published annually in mid -December and ensures that all public households in Austria are taken into account. These reports are crucial to check compliance with EU wide and national fiscal rules. The forecasts are often more pessimistic than that of the Ministry of Finance, which underlines the need to make high consolidation efforts in the next few years.