Austrian Government Wants to Save € 10bn

People ♦ Published: December 27, 2011; 15:05 ♦ (Vindobona)

The coalition partners agreed to cut expenses by € 2.0bn per year until 2016. Details were not published.

Austrian Government Wants to Save € 10bn / Picture: © Flickr / Werner FaymannFlickr / SPÖ Presse und Kommunikation

Today, Chancellor Werner Faymann and Vice-Chancellor Michael Spindelegger again emphasized their willingness to reduce the budget deficit. Within the next years, Austria should meet the Maastricht criteria again. Faymann and Spindelegger agreed that there will be no taboos regarding new taxes or cuts. The government parties SPÖ and ÖVP agreed to save € 10bn within the next five…