Government Debt Committee Sees No Margin for Tax Cuts

Politics ♦ Published: July 7, 2011; 17:09 ♦ (Vindobona)

The committee called for debt reduction and warned against a tax reform. The gap between government revenues and spending is increasing.

Government Debt Committee Sees No Margin for Tax Cuts / Picture: © Vindobona.org

The Government Debt Committee on Thursday presented its annual report for 2010. The body warned against tax cuts and emphasized that debt reduction would be more important in the near future. “In the years to come, the consolidation of public budgets must be given priority over tax reforms which would result in a decline in public revenue.” This was the first recommendation of the…