Sponsored Content
Austrian Budget: One Third for Pensions and Interest Spending
Politics ♦
Published: September 19, 2012; 17:53 ♦ (Vindobona)

Sponsored Content
The Austrian Audit Court published a report on the budgetary situation today. Last year, expenses “for the past” already came at € 24bn.

In Austria, the welfare state is not sustainable, Kapsch criticizes. Problems are obvious for years, Kapsch says. Financial institutions did not create the weakness of the public finance. The weakness of the budgetary situation became only transparent and was sharpened, Kapsch said.
Interest spending totaled € 6.8bn in 2011. Moreover, pension costs reached € 17.1bn. The…
or Log In
Sponsored Content
Sponsored Content
Sponsored Content
Fast News Search
Related News
„Situation in Slovenia is not so Dramatic“ (September 18, 2012)
Czech Public Debt Growing Rapidly (September 14, 2012)
Slovenia: Guarantees to Reach € 4.0bn (September 14, 2012)
Austrian Budget Targets “Will be Met” (August 30, 2012)
Sponsored Content
Read More
Featured