Public Debt Committee Warns Austrian Government

Politics ♦ Published: December 18, 2012; 22:58 ♦ (Vindobona)

2013 will be dangerous for Austria´s austerity course, the economist Bernhard Felderer says.

Public Debt Committee Warns Austrian Government / Picture: © IHS Vienna

Next year, elections to the National Council will take place. According to Felderer, chairman of the Austrian public debt committee, elections are often dangerous for austerity measures. At the moment, the consolidation course is right, Felderer says. According to the government´s plans, Austria´s budget deficit will decrease to 2.3% in 2013 and to 1.8% in 2015. This year, the budget…