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Stability of Austrian Budget Endangered

Published: July 12, 2012; 17:49 · (Vindobona)

Public expenses are on the rise. At the same time, the tax intake shrinks. Economist Felderer warns of expensive election gifts.

Stability of Austrian Budget Endangered / Picture: © Flickr

In the first five months of 2012, Austrian public expenses came at € 31.2bn. In the reference period of 2011, expenses totalled € 29.25bn. Thus, public expenses soared by 6.6%. In 2011, public expenses only grew by 1.0%.

Simultaneously, public revenues fell slightly. In the first five months of 2011, the figure came at € 24.26bn. From January to May 2012, public revenues…

This article includes a total of 271 words.

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