Austrian Budget: Experts Call for Further Reforms (Part 1)

Politics ♦ Published: October 16, 2012; 16:26 ♦ (Vindobona)

Today, the Austrian Finance Minister Fekter presented the 2013 Budget to Austrian National Assembly. The reactions were highly controversial.

Austrian Budget: Experts Call for Further Reforms (Part 1) / Picture: © ÖVP Bundespartei / Jacob Glaser

"Our strategy to date has proved to be the right one. With the 2013 Budget, we will further consolidate the successes already achieved and further reduce both the Maastricht deficit and the structural deficit step by step," stressed Finance Minister Maria Fekter in her second budget speech.

Public revenues should reach € 68bn, public expenses will reach about € 74bn. The 2013…