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Austria´s EU Contributions to Increase Substantially

Published: December 18, 2012; 00:35 · (Vindobona)

Austria is expected not only to lose its discount, but also to receive lower subsidies.

Austria´s EU Contributions to Increase Substantially / Picture: © Flickr

Werner Faymann, Austria´s Federal Chancellor today explained that Austria will have to pay the highest net contribution to Brussels since 1995. Next year, Austria´s net contribution is expected to reach 0.36% of GDP. Last year, the net contribution came at 0.27% of GDP. The annual net contribution of € 1.2bn is not fixed yet, Faymann said. In the end, the amount may be lowered, he…

This article includes a total of 101 words.

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