Austria: “Budget on Target“

People ♦ Published: November 25, 2013; 14:19 ♦ (Vindobona)

State Secretary for Finance Andreas Schieder points out that “the figures from the Finance Ministry for the budget performance until October show that the budget 2013 is on target.” Social Minister Hundstorfer calls for reforms.

Austria: “Budget on Target“ / Picture: ©

He underlines that the measures by the government were budgeted correctly”. According to the Finance Ministry, the budget performance was still valid in spite of economic growth, which was predicted at 1.6 percent at first, having declined to 0.4 percent. “This shows that despite economically difficult times the budget had been made very carefully,” Schieder claims.