Austria: New Austerity Package to Come?

Politics ♦ Published: November 6, 2013; 10:23 ♦ (Vindobona)

Austrian economists expect that the new government will draft another austerity package. Otherwise the fiscal objectives will not be achieved.

Austria: New Austerity Package to Come? / Picture: ©

At the moment, the two biggest parties SPÖ and ÖVP are still trying to form a government. The old government, which was composed of the same parties, planned to lower the budget deficits gradually until 2017. In 2018, Austria should achieve a zero deficit, the government announced in late 2011.

Now, in the course of the coalition talks, fiscal issues turn out to be most…