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Stability Pact with Federal States Has Never Been Met

Published: October 14, 2010; 20:42 · (Vindobona)

Deficits of the federal states were too high already since 2001, as well as the deficits of the federation. The surplus of the municipalities couldn´t offset them.

Stability Pact with Federal States Has Never Been Met / Picture: © Flickr

Negotiating with the budget for 2011, the SPÖ and ÖVP also had to create a new national stability pact. This first time in 2001 agreed framework should facilitate compliance with the prescribed budget targets at EU level and requires the federal government, states and municipalities to meet certain deficit limits.

A reform is already very urgent, as countries have met the…

This article includes a total of 130 words.

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