Austria Far from Reaching Fiscal Targets

CommentOpinion ♦ Published: January 18, 2014; 17:50 ♦ (Vindobona)

Josef Moser, President of the Austrian Audit Court fears that the zero deficit cannot be achieved until 2016.

Austria Far from Reaching Fiscal Targets / Picture: ©

In 2016, the coalition parties SPÖ (Austrian Social Democrats) and ÖVP (Austrian People´s Party) want to achieve a zero deficit. Already in late 2011, the prior government agreed thereon.

However, this target is everything but realistic, Josef Moser criticized. Moser misses reforms and thinks that the Austrian government is not ambitious enough. Although the government…