Austrian Budget: Experts Call for Further Reforms (Part 3)

Politics ♦ Published: October 16, 2012; 17:12 ♦ (Vindobona)

Economists think that the budget does not contain enough reform steps. The opposition does not see any signs of progress.

Austrian Budget: Experts Call for Further Reforms (Part 3) / Picture: © Vindobona.org

Margit Schratzenstaller (WIFO – Austrian Institute of Economic Research) stressed that universities and schools must become more efficient. But this would not be enough, she said. “Of course, we need to invest more money.” Regarding the health sector, structural reforms could lower costs by € 500m at least, Schratzenstaller explains. What is more, the government did not talk…