The future of Austria: Economic course for the next government

The future of Austria: Economic course for the next government

The upcoming election in Austria raises questions about which government coalition will shape the future of the country. But more important than political alliances is the discussion about how the next government can secure economic prosperity. According to experts, it is crucial that a stable budget, falling taxes and more entrepreneurial freedom contribute to increasing prosperity - in contrast to excessive government spending and new taxes.

In recent years, Austria has lost economic growth, mainly due to excessive government spending. A future government should therefore take measures to keep the expenses in check. A sustainable expenditure brake based on the model of Switzerland could be a solution to use the government's financial resources more efficiently.

Furthermore, adjustments in the social system must be made in order to maintain the welfare state in the long term. The integration of employees into company pension funds could improve the social protection of the population. The faster integration of job seekers into the job market could also strengthen solidarity in the country.

Source: Agenda Austria