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Public Expenses

Austerity Package Has Lack in Structural Reforms

The industrialists regard the Austrian austerity package even-tempered. WIFO misses structural reforms.

February 11, 2012

Austrian Government Presents € 27bn Austerity Package

The largest austerity package in Austria´s history mainly consists of cuts in expenditures. The government emphasized the socially balanced measures and the necessity due to reasons of competitiveness.

February 11, 2012

Austrian Government Resolves Austerity Package

Speculation terms on real estate will be abolished, the tax privilege on 13th and 14th salary too. Inheritance taxes or enrollment fees will not be re-introduced.

February 9, 2012

Austerity Package Takes Form

Although negotiations over the austerity package are not finished, first details are already known.

February 7, 2012

Sorger „Focusing on Business Location“

The President of the Federation of Austrian Industries, Veit Sorger, reaffirmed the strengthen Austria´s economic competitiveness.

February 4, 2012

Austerity: ÖVP Becomes Impatient

Negotiations between the coalition partners SPÖ and ÖVP are going on. ÖVP´s chairman Spindelegger locates an “incredibly big need of consolidation”.

January 31, 2012

FPÖ Wants Cuts in Spendings

The biggest Austrian opposition party suggests reducing public expenditures in order to reduce the budget deficit. Chairman Strache calls for a “subsidy brake”.

January 30, 2012

After Downgrade of Vienna: No Consequences Expected

The Viennese financial senator Renate Brauner does not fear negative impacts on Vienna´s finance. This week, the city was downgraded by S&P.

January 27, 2012

Budget Deficit Lower Than Forecasted

The Austrian budget deficit in 2011 reached 3.3%. Initially, the figure was expected to amount to 3.9%.

January 27, 2012

Strache Claims Cut in Subsidies

The chairman of the Austrian opposition party FPÖ criticized the government fiercely for its fiscal policy.

January 23, 2012

Austerity: Unions Versus Industrialists

The Austrian trade unions want to impose property taxes, the Federation of Austrian Industries seeks cuts in spending.

January 21, 2012

Austria Has 2.2 Million Retirees

Against 2010, the number of retirees was up by 1.3%. The average retirement age did not increase, employment of older persons could improve.

January 14, 2012

Downgrade: Government Surprised and Criticized

For the Austrian government, the downgrade by the U.S. rating agency is „not comprehensible”. The domestic industry urgently claims structural reforms.

January 14, 2012

ÖVP Does Not Exclude New Taxes Anymore

Against previous statements, the head of the Austrian conservatives, Michael Spindelegger, considers to introduce new taxes.

January 9, 2012

Austrian Economy Pushes for Austerity

In order to prevent new taxes, the Austrian Chamber of Commmerce and the Federation of Industries call for austerity measures.

January 5, 2012

Austerity Package: Business Association Warns of New Taxes

New taxes would be an “attack against the economy”, general secretary Peter Haubner says.

January 4, 2012

Austrian Government Wants to Save € 10bn

The coalition partners agreed to cut expenses by € 2.0bn per year until 2016. Details were not published.

December 27, 2011

Tax Returns Take 170 Hours

In order to settle their tax duties, Austrian companies have to take much time compared to other EU members.

December 13, 2011

Up to 3.36% Salary Increase for Civil Servants

Salaries for Austrian civil servants will increase by 2.68% to 3.36%. The government and the union came to an agreement on Sunday.

December 5, 2011

Austrian Industry Supports Audit Court

For the Federation of Austrian Industries (IV), the administration has to be reformed immediately. Future investments are needed instead of administrative expenses.

December 5, 2011

Civil Servants Claim 3.9% Salary Increase

Negotiatons between the Austrian government and the trade union for civil servants did not bring an agreement.

November 26, 2011

Austrian Government Pushes for Further Austerity Measures

The Minister of Finance, Maria Fekter, did not exclude an austerity package. First effects should be seen already in 2012. However, it is not clear yet if economic forecasts for the next year will hold.

November 26, 2011

„Debt Brake“: Government Tries to Persuade Opposition

This week, the Austrian government announced to insert a maximum debt level into the constitution. The approval of one opposition party is still missing.

November 19, 2011

Austrian Economic Growth Slows Down

According to the Austrian Institute of Economic Research the aggregate output grew by 0.3% against the previous quarter. Exports are weakening.

November 15, 2011
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