The ÖBB is a Risk Factor for the State Budget

Politics ♦ Published: November 15, 2010; 12:06 ♦ (Vindobona)

While the investment projects for the ÖBB are being reduced by Transport Minister Doris Bures, a fiasco is threatening on the revenue side.

The ÖBB is a Risk Factor for the State Budget / Picture: © ÖBB-Infrastruktur Aktiengesellschaft / Chris Zenz

The state budget does not include the balance sheet of the federal railway yet, as the ÖBB is outsourced. Condition for outsourcing is that at least 50% of the revenues must be self-generated. If this condition is not met, the Maastricht criteria require that the debt of the outsourced ÖBB has to be included in the state budget.

So far the State Debt Committee had feared that…

or Log In

Fast News Search
Related News
Competition for Hungarian ÖBB Subsidiary (November 5, 2010)
ÖBB: Alleged Corruption (October 29, 2010)
Criticism of Austria's Allocation of Subsidies (October 21, 2010)
Austrian Federal Railways in Debt Crisis (October 19, 2010)
ÖBB: 100 Million Euro Savings Through Improved Purchasing (September 27, 2010)
ÖBB: Layoff of 100 executives and 1,000 administrative jobs (September 10, 2010)
Read More
Budget Deficit, OEBB Austrian Railways, Railway Industry, Public Debt, Maastricht Criteria, Infrastructure
Featured
See latest Vindobona Newsletter