Concerns About Austria´s Finance

Politics ♦ Published: November 7, 2011; 19:27 ♦ (Vindobona)

Due to missing infrastructure projects, Austria loses € 28bn year by year. The President of the Audit Court, Josef Moser, regards the situation of Austria´s finance as dramatic.

Concerns About Austria´s Finance / Picture: ©

Josef Moser points out the pressing need of Austria for reforms. For the head of the Audit Court, the situation of Austria´s public finance is only slightly better than that of Spain, Italy or Greece. “We urgently need reforms, otherwise we will have conditions like in other EU countries.”

In 2010, the aggregated deficit of Austria´s municipalities, the provinces and the…