Summit for budget renovation: Can the federal and state governments save?
Summit for budget renovation: Can the federal and state governments save?
On Wednesday, April 1, 2025, there will be a decisive summit discussion between the federal, municipalities and countries, which will concentrate on the urgently needed budget renovation. This step is of central importance for the government, since the deficit in 2024 is considered difficult with 4.7 percent of gross domestic product (GDP). In this context, vienna.at to relieve.
An essential factor for the high deficit are the strong departures in the countries.
outlook for the next steps
While the first austerity measures for budget renovation come into force today, there are already voices from politics that demand reforms in federalism and strengthening the tax autonomy. Nevertheless, there is a certain level of skepticism in terms of savings, especially on the part of the governors. Tyrol is a positive example here, since the governor presents a low debt, while other municipalities, especially Vienna, get into increasing debt trap.
After the big discussion in the Chancellery, a press release is expected by the bosses of the three coalition partners, which will provide further information on the results and the next steps. The political decision -makers face a balancing act: one -off savings must be combined with sustainable solutions in order to effectively counter the financial explosiveness.
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| Ort | Vienna, Österreich |
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