Fekter to Present Tax Reform Concept

Politics ♦ Published: January 14, 2013; 23:33 ♦ (Vindobona)

In May, Austria´s minister of finance Maria Fekter (ÖVP) will present a new fiscal concept.

Fekter to Present Tax Reform Concept / Picture: © ÖVP Bundespartei / Jacob Glaser

At the end of January, the fiscal data for 2012 will be published. The planned budget deficit for 2012 comes at 3.0% of GDP. According to insiders, the tax revenues were slightly higher than expected. This year, the planned budget deficit totals 2.3% ff GDP. In the next years, the deficit should be reduced gradually to 0.0%. In 2017, Austria may record a zero deficit for the first time…