IMF - Austria to save on expenses

BusinessEconomy ♦ Published: June 29, 2010; 00:00 ♦ (Vindobona)

Raise taxes, use the potential in the labour market and build a more effective social services system.

IMF - Austria to save on expenses / Picture: ©

The International Monetary Fund (IMF) has asked Austria in its report published on Tuesday, to combat deficit from 2011.

The consolidation of the budget should take place mainly on the expenditure side, because there are many taxes, such as the high taxation of labour, which has hardly any scope for an increase, said the author of the report and director of the consultation…