Austria Plans Increase in Foreign Policy Budget for 2024
The increased budget for foreign policy matters was discussed as part of the current deliberations in the Budget Committee on the Federal Finance Act 2024. Accordingly, the budget is to rise to 677.2 million euros in the coming year, which corresponds to an increase of 41.7 million euros or 6.6 percent compared to 2023.
The budget for foreign affairs is set to amount to € 677.2 million in the coming year. / Picture: © BMEIA Bundesministerium für Europa, Integration und Äußeres / Flickr Attribution 2.0 Generic (CC BY 2.0)
A significant part of the budget is earmarked for operating expenses such as inflation adjustment and the ongoing operation of the embassies. Funds for personnel and investments in foreign buildings are also to be increased. Despite a slight reduction in transfer payments, Austria is increasing funding for development aid and the Foreign Disaster Fund.
Priorities and new…
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