Municipalities: Indebtedness Per Capita on the Rise

Politics ♦ Published: March 24, 2012; 15:35 ♦ (Vindobona)

According to the Austrian audit court, indebtedness of municipalities was up significantly over the last years.

Municipalities: Indebtedness Per Capita on the Rise / Picture: © Vindobona.org

Not only, per-capita debt of Austrian municipalities increased substantially over the last few years, but also guarantees rose. The Audit´s Court President, Josef Moser emphasized that the trend is strengthening. Moreover, there would be a lack in data, as data of out-sourced entities would be missing.

The Audit Court underlined that per-capital municipality debt rose from €…

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