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Vienna´s Debt Level Grows Considerably

Published: November 19, 2012; 22:21 · (Vindobona)

In 2013, the public debt level of Austria´s capital will increase to € 4.34bn.

Vienna´s Debt Level Grows Considerably / Picture: © Vindobona.org

Vienna´s public debt level will increase by 9.3% next year. In total, the Viennese local government plans to raise public debt from € 3.9 to € 4.34bn. According to the Financial Senator Renate Brauner, public revenues will come at € 11.85bn. Public expenses are estimated to reach € 12.22bn.

Brauner underlines that the debt increase would be „manageable” and…

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