Budget consolidation: Land Vorarlberg plans to increase the debt by EUR 200 million by 2025.

Budget consolidation: Land Vorarlberg plans to increase the debt by EUR 200 million by 2025.

In Vorarlberg, a significant increase in the country's debt level will occur next year. The new black and blue state government plans to raise debts from currently around 450 million euros to around 650 million euros. This emerges from current information published by the club chiefs of the coalition partners ÖVP and FPÖ.

The country's operational building is expected to have a deficit of around 220 million euros in 2025. Nevertheless, it is emphasized that this year will be the beginning of a "multi -year budget consolidation phase". These measures aim to improve the financial situation of the country in the long term.

Despite the planned savings and consolidation measures, investments of 116 million euros should be made in 2025. This shows that despite the necessary austerity measures, the country will continue to invest in important projects and infrastructure.

The decisions of the state government have direct effects on the economic development and financial situation of Vorarlberg and are therefore closely observed by the population and experts. It remains to be seen how the planned measures will affect the country's finances in the long term.

Source: www.derstandard.at