Sponsored
Article Tools

Austrian federal government - Massive fall in revenue

Published: June 29, 2010; 00:00 · (Vindobona)

The federal government is missing €4b ($4.9b) in revenue, in the first four months of this year. In total a decrease of €6.1b ($7.5b) was registered.

Austrian federal government - Massive fall in revenue / Picture: © Wikipedia / My Friend (Sitzungssaal des Ministerrates)

The financial and economic crisis tore a deep hole in the state budget.

The comparison with 2008 points out the dramatic effects: This year, from January to May, revenues were €4b less than before the crisis, totalling €6.1b ($7.5b), as stated by Finance Secretary Reinhold at the Parliament.

The figures in detail: Expenditure from January to May 2010 amounted to…

This article includes a total of 199 words.

or Log In