New Budget: Details and Reactions

Politics ♦ Published: October 25, 2010; 13:01 ♦ (Vindobona)

The entire tax package will bring additional revenues for around 1.2 billion euro. There are further saving measures for 1.6 billion euro. Reactions from the economic actors are ambivalent.

New Budget: Details and Reactions / Picture: ©

The aim of the budget is to reduce, among other things, the deficit to below 3.2%. By 2012 it should be again below the Maastricht limit. What is still open is the contribution of the provinces to the budget consolidation.

The President of the Industrial Association, Veit Sorger, described the results as double-edged. Something positive is that the deterioration in the taxing…