Austrian Ministry of Finance Presents Public Expense Statistic

BusinessEconomy ♦ Published: May 12, 2012; 11:05 ♦ (Vindobona)

Finance Minister Maria Fekter initiated an information campaign. 22.6% of the public expenses are allocated to provinces and municipalities.

Austrian Ministry of Finance Presents Public Expense Statistic / Picture: © Vindobona.org

With a share of 22.6%, provinces and municipalities are causing the highest public expenses. Social transfers and health is the second largest cost factor (17.0%), followed by pensions (10.2%), education and culture (8.4%) and interest payments (8.3%). Administration costs have a share of 5.5%, pensions for civil servants are responsible for 4.9% of the public expenses. Other…