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Financial Problems in Austrian Municipalities
Politics ♦
Published: April 16, 2011; 13:27 ♦ (Vindobona)
The revenue of Austrian municipalities should not be fall further in 2011, however, new expenditures will be caused by additional competences.
Financial Problems in Austrian Municipalities / Picture: © Vindobona.org
The financial situation of Austrian towns and cities remained tight. Liabilities already amounted to € 11.4bn in 2010, € 6.4bn to be added because of separately-owned companies.
The revenues are to reach again the level of 2008 in 2011. But expenditure will also increase due to additional tasks, which in turn will cause the lack of funds for investments. The surplus from…
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