Austrian Budget: 3.2% Deficit in 2012

People ♦ Published: October 19, 2011; 16:54 ♦ (Vindobona)

Today, the Austrian Minister of Finance, Maria Fekter, presented the budget for 2012. The debt quota rises further until 2015.

Austrian Budget: 3.2% Deficit in 2012 / Picture: ©

Maria Fekter promises “stable finance for a safe future”. However, the debt level rises considerably. Until 2015, also the debt quota will not decrease.

Fekter states that Austria has managed the challenges of the financial and debt crisis very well. Now, the Minister of Finance aims to secure prosperity and savings. Growth shall be pushed and the budget deficit shall be…