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: © Vindobona.org

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…

or Log In

Fast News Search
Related News
Bank Austria CEO Cernko: No More Bank Tax Soon (October 22, 2010)
Criticism of Austria's Allocation of Subsidies (October 21, 2010)
IMF Considers Recovery as "Moderate and Uneasy" (October 20, 2010)
Slight Fall in Corporate Tax (October 18, 2010)
WIFO-Boss Aiginger Calls Government for Economization (October 17, 2010)
Stability Pact with Federal States Has Never Been Met (October 14, 2010)
CEOs of Stock Exchange Alert: Vienna´s Taxation Plans Cast Investors out (October 14, 2010)
Austria exceeds the Maastricht GDP reference value by 0.5% (September 30, 2010)
Austrian Banks in Central, Eastern and Southeastern Europe (August 27, 2010)
Hungary gives bank tax its blessing (July 22, 2010)
Higher property tax could bring a billion (July 5, 2010)
IMF - Austria to save on expenses (June 29, 2010)
Read More
Maastricht Criteria, Taxation, WIFO Austrian Institute of Economic Research, IHS, Budget, Budget Deficit, Public Debt, Austerity, AUA Austrian Airlines, Bank Taxes
Featured
See latest Vindobona Newsletter