Fekter: "Our measures are having an effect"

People ♦ Published: February 1, 2013; 15:03 ♦ (Vindobona)

Austrian Finance Minister Maria Fekter pleased regarding preliminary administrative budget deficit.

Fekter: "Our measures are having an effect" / Picture: © Wikipedia / World Economic Forum (Heinz Tesarek)

In 2012, expenditures of the Austrian Federal Government were € 3.6 billion less than the budgeted figures, whilst revenues were € 0.6 billion higher than budget.

"These preliminary, administrative results clearly show that our reform measures have been taking hold. Clearly, Austria has succeeded where other countries have not. We have not experienced job loss, the purchasing…