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Austrian Budget Targets “Will be Met”

Politics ♦ Published: August 30, 2012; 17:56 ♦ (Vindobona)

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According to Austria´s Finance Minister Maria Fekter, Austria´s budget deficit will be below 3.0% of GDP. “Our domestic fiscal position is very strong now”. she underlines.

Austrian Budget Targets “Will be Met” / Picture: © Vindobona.org

Austrian Finance Minister Maria Fekter is optimistic about the government’s ability to meet its budget targets for this year. “The budget calls for new government borrowing of 3.0% of GDP, and that is very realistic at present”, the Finance Minister stated.

Although the Greece haircut and the aid package for the distressed Volksbank Group are drags on the Austrian state…