Parties in Finanzchaos: ÖVP and SPÖ deep in the debt!

Parties in Finanzchaos: ÖVP and SPÖ deep in the debt!

Wien, Österreich - The transparency rules for political parties in Austria have taken an important step towards disclosure of assets and debts. These new regulations that came into force in 2022 can now be used for the first time for the accountability reports in 2023. So far, the parties have only been obliged to report their income and expenses. But now you have to provide detailed information about your financial circumstances, including assets, liabilities and bank details, such as the reported.

The initial figures show a differentiated picture: While the FPÖ, the Greens and the NEOs convince with millions of icing on their bank accounts, the ÖVP and SPÖ are significantly worse. The FPÖ reports an impressive pure assets of 8.2 million euros, followed by the Greens with three million euros and the Neos, which can also show three million euros. In contrast, the ÖVP looks very unfavorable in the numbers: Despite earlier efforts to reduce debt, the party currently has loans of 3.3 million euros and other liabilities of around two million euros, which leads to a negative pure assets of 5.65 million euros. Although the SPÖ has reduced its bank debt from six to four million euros, with 3.0 million euros in total liabilities, as is also the case with the

This precarious financial Situation could have a lot of impact on the political landscape during the upcoming election campaigns. The Court of Auditors is obliged to check the submitted documents from the parties, since the published reports are first unchecked. The next accounting reports will be expected in the coming year, and it remains to be seen whether the financial situation of the parties is stabilized or even worsened.