The entrepreneur's resentment: Sugar government leads Austria into chaos!

The entrepreneur's resentment: Sugar government leads Austria into chaos!

The displeasure of Austrian entrepreneurs about the current government is increasing. The criticism is particularly directed against the so-called "Zuckerl" coalition, consisting of ÖVP, SPÖ and NEOS. In a Facebook post, a Styrian entrepreneur expressed his displeasure with the politically motivated acts of the government that put great pressure on entrepreneurs. These have to demonstrate strict performance evidence, decent bookkeeping and corresponding authorizations, while politics often acts without clear guidelines. This leads to an ever greater fragmentation of trust in the political decision -makers.

The main criticisms that are brought into the field by the economy are particularly alarming: sprawling government debt and the waste of money for questionable projects. In a time increasing government expenditure, it is important to note that the measures often do not deliver the hoped -for results. For example, the costly conversion of the parliament, which is intended to cost over 500 million euros, is sharply criticized.

criticism of debt policy

In addition, the enormous expenditure for government advisors and the questionable allocation of funding is pointed out, which ensures additional uncertainty. In addition, the need for sustainable financing of pension and health systems is emphasized. A certain degree of uncertainty about the budget deficit that fluctuates between 4.6 and 12 billion euros, reinforces the fears of the entrepreneurs.

Rene Schachner, the federal divisional chairman of the freedom for trade and craft, supports the entrepreneurial concerns and demands a clear focus on economic issues in order to stabilize Austria. The urgent need for a comprehensive administrative reform is also proclaimed, which should be based on the "Austria convention". The demands for professionally competent ministers who are able to develop suitable solutions are getting louder.

Financial framework in Austria

Austria achieves its state revenue primarily through taxes, such as wage taxes and VAT. But if the expenses are constantly exceeding the income, the state has little other choice than to take out loans - which leads directly to an increase in government debt. The introduction of the debt brake in 2009 should set a limit. This regulation allows the government to record new debts annually up to 0.35 % of the gross domestic product (GDP).

In times of crisis, the economic component of the debt brake allows higher debt admission to stimulate demand. However, critics argue that this regulation often leads to important investments in the infrastructure. Suggestions for the reform of the debt brake contain that it may be more generous to create more scope in economically tense times and thus do not endanger economic stability.

An entrepreneurial environment must now be created that relies on sustainable financial strategies instead of giving priority for short -term political decisions. This is the only way to ensure that future generations will not be confronted with an overwhelming debt burden that results from inadequate political decisions.