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Fekter: Austrian Budget Gap Based on Unfavorable Economic Forecast

Published: November 19, 2013; 11:24 · (Vindobona)

Yesterday afternoon current Finance Minister Maria Fekter and State Secretary of Finances Andreas Schieder met with the parliamentary budget committee. The opposition parties demanded answers and clarification in regard to the budget gap.

Fekter: Austrian Budget Gap Based on Unfavorable Economic Forecast / Picture: © ÖVP Bundespartei / Jacob Glaser

Before the start of the meeting Finance Minister Fekter promised full information. State Secretary Schieder underlined that there was no budget gap and budgeting was “fully on schedule”. Instead, the “gap” derived from a risk of economic forecasts. However, as pointed out by Schieder, with according measures enhancing economic growth the government should attempt to avoid for…

This article includes a total of 186 words.

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