Finance Minister Marterbauer optimistic: 2026 Budget Target of 4.2 Percent Deficit Remains in Place

People › Politicians ♦ Published: Yesterday; 10:18 ♦ (Vindobona)

Despite turbulence in local government, Austria is sticking to its budget target for 2026. At a press conference yesterday, Finance Minister Markus Marterbauer (SPÖ) expressed optimism that the overall government deficit would be 4.2 percent of gross domestic product (GDP), as agreed with the EU.

Austrian Finance Minister Markus Marterbauer is confident and believes he will achieve his budget target again next year. / Picture: © BKA/Brauneis

Despite a significant shift in deficit responsibility, Austria's overall budget for 2026 remains in line with the target agreed with the EU. According to the latest “General Government Update 2026” from the Ministry of Finance (BMF), the general government deficit is still expected to be 4.2 percent of gross domestic product (GDP).

Finance Minister Markus Marterbauer (SPÖ)…

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SPOE Social Democratic Party of Austria, Sepp Schellhorn, OEVP Austrian Peoples Party, NEOS, Markus Marterbauer, GDP Gross Domestic Product, FPOE Freedom Party of Austria, Fiscal Policy, Budget Forecast, Budget Deficit, Budget, BMF - Federal Ministry of Finance - Bundesministerium für Finanzen, Barbara Kolm, Barbara Eibinger-Miedl
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