Austrian Government Resolves Austerity Package

Politics ♦ Published: February 9, 2012; 17:44 ♦ (Vindobona)

Speculation terms on real estate will be abolished, the tax privilege on 13th and 14th salary too. Inheritance taxes or enrollment fees will not be re-introduced.

Austrian Government Resolves Austerity Package / Picture: © Flickr / SPÖ Presse und Kommunikation

The government parties SPÖ and ÖVP agreed on a number of single measures in order to reduce the budget deficit. Details will be presented tomorrow, the measures will be resolved by the National Council in two weeks. According to first information, the austerity package has a volume of € 27bn. The federation´s share is € 21bn to € 22bn, provinces have to contribute € 5bn to…