Does Austria have to save 12 billion? – Diepresse.com

The need for consolidation at the budget has increased dramatically again for the government. So far it was assumed that you have to save a good 6.3 billion euros to a EU-Deficit procedure has now almost doubled the sum. Like finance minister Markus Marterbauer According to the parliamentary correspondence in the budget committee, the deficit will be between 3.5 and 4 percent of the GDP lay.

This would be significantly above the three percent-Maastricht limit. In order to counteract this, there would be another consolidation package to the extent of what has already been decided, said Marterbauer. At the same time, he warned that the economy continued to steam and that one would get into a « vicious circle ». The reason for this strong increase are the further dividing business forecasts.

Wirtschafts forecasts decisive

Fiscal councilor-Thef Christoph Badeltwho himself runs out of four to five billion needs, as the next official step, expects the WiFo’s business forecast and the first ex-post figures for the federal states. However, the business forecast of the European Commission Being in May, based on the Commission of Austria’s budget situation on the basis, Badelt said in the budget committee.

According to Marterbauer, she has contacted the state financial officers. High deficits would expect in several federal states. The financial situation of social security has also deteriorated, which was due to employment development. Since the overall state is relevant for Brussels, consolidation can only be a joint project, the finance minister emphasized.

Marterbauer again indirectly promoted deficit procedures

Marterbauer once again tried to take the fear of a deficit process. As part of such, he does not expect any risk surcharge on interest rates as long as it is credibly demonstrated that this will be dismantled. Even with a deficit procedure, all decisions are still « in our hands », says Marterbauer. The only thing to do is to coordinate with Brussels, emphasized the finance minister.

In the case of the deficit procedure, the need for savings in the first year of consolidation would not be quite as dramatic, but there would be an accompanying control of the budget process by Brussels. The 6.3 billion would have met 3.9 billion in a deficit procedure. At the end of a seven-year period, the same consolidation amount would be roughly released in both methods.

Each ministry must guide a contribution

It is clear to Marterbauer, however, that every ministry will have to contribute to consolidation. For this purpose, a distribution key based on objective criteria is to be developed.

From a new perspective, the savings package of 6.4 billion will not be enough, as MP Karin Doppelbauer explained. She spoke in favor of a consolidation contribution from countries and communities. Andreas Ottenschläger (ÖVP), in turn, referred to the credibility and resilience to the European Commission and the capital markets. The top premise is trust. Although he is not a friend of a deficit procedure, it was important to represent a credible budget path, it said.

FPÖ wants to save massive

The freedoms want to save massively. Instead of waiting for forecasts, negotiations should be conducted, Mandatar Hubert Fuchs (FPÖ) finds. Instead of a deficit procedure, he asked the federal government to think about how more could be saved. Arnold Schiefer (FPÖ) insisted not to leave yourself too long to consolidate. Rather, it requires permanent countermeasures.

For the Greens, it would be the « bitterest » to further choke the economy, argued Jakob Schwarz. Instead of saving in climate protection, Schwarz spoke in favor of starting with climate -damaging subsidies.

(APA)