Budget-saving Measures in Austria are Insufficient

Politics ♦ Published: January 26, 2011; 00:04 ♦ (Vindobona)

According to the WIFO, budget deficit and public debt are lower than the EU average; central potential savings have been neglected however.

Budget-saving Measures in Austria are Insufficient / Picture: © Vindobona.org

The WIFO (Austrian Institute of Economic Research) prepares a preview on the development of the budget deficit. The consolidation measures are beginning to take effect, but they have not being implemented in a sustainable way. The consolidation path for the years 2011 to 2014 is based on a consolidation package almost equally comprised…

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