Sponsored Content
Austrian Municipalities Suspected to Hide Public Debt
Politics ♦
Published: July 14, 2012; 19:33 ♦ (Vindobona)
Sponsored Content
About 40% of Austrian municipalities source out public debt. The size of hidden public debt could reach up to € 10bn.
Austrian Municipalities Suspected to Hide Public Debt / Picture: © Vindobona.org
According to a survey by the Austrian Audit Court, about 40% of the 2,357 Austrian municipalities may hide public debt in special purpose vehicles. At the moment, the official debt level of Austrian municipalities comes at € 4.6bn. Moreover, the municipality of Vienna records public debt of € 4.0bn.
The Austrian public debt council thinkts that there is an inofficial size of…
or Log In
Sponsored Content
Sponsored Content
Sponsored Content
Sponsored Content
Fast News Search
Sponsored Content
Sponsored Content