Austria: New Fiscal Difficulties

Politics ♦ Published: October 17, 2013; 10:18 ♦ (Vindobona)

Austria´s state budget 2014 is not resolved yet. Moreover, a number of assumptions are highly uncertain.

Austria: New Fiscal Difficulties / Picture: ©

Due to the elections in late September, the old government did not agree on a budget for 2014. A new government could not be formed yet. Political observers expect that the Austrian new government will be appointed until December 2013. The budget is expected to be approved in February 2014.

The time lag is not the only uncertainty, however. Above all, the Ministry of Finance…