Politics

Austerity Package Takes Form

Published: February 7, 2012; 18:27 · (Vindobona)

Although negotiations over the austerity package are not finished, first details are already known.

Austerity Package Takes Form / Picture: © Flickr

According to first information, the austerity package has a volume of € 27bn. The federation´s share is € 21bn to € 22bn, provinces have to contribute € 5bn to € 6bn. New taxes could total € 7bn to € 8bn, cuts in public expenses should reach € 14bn. The package should contain actions for the next five years. Above all, retirement costs should be cut. Income taxes on…

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Austerity Package Takes Form

Although negotiations over the austerity package are not finished, first details are already known.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.