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Austrian Government May Put Veto Against EU Budget

Published: February 5, 2013; 00:05 · (Vindobona)

Members of the Austrian government fear that Austria may lose its discount. The annual loss would come at more than € 180m.

Austrian Government May Put Veto Against EU Budget / Picture: © Flickr / The Austrian Foreign Ministry

At the moment, Austria´s net contributions come at 0.2% of GDP. From 2014 to 2020, the figure may increase to 0.36% of GDP. Translated into concrete figures, Austria´s annual net contribution would increase from € 800m to € 1.2bn.

The main reason behind the increasing net contribution is that Austria may lose its discount. The discount comes at € 187m per year. In his…

This article includes a total of 269 words.

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