The Budget is Finally Set

Politics ♦ Published: November 30, 2010; 18:37 ♦ (Vindobona)

After weeks of discussions about the 2011Austrian Federal Budget, the final details were announced today. There are very few amendments to the original project.

The Budget is Finally Set / Picture: © Wikipedia / Tsui

The new budget means many burdens for Austrian businesses but also for the general public. For 2011, a net profit of € 1.17 billion through additional revenue and reduced expenditure is expected, and for 2012, € 1.76 billion.

The bank tax is permanent and will amount to € 500 million annually. The tax base remains unchanged: € 340 million will be levied…