ÖVP and SPÖ Reach Budget Deal in Coalition Talks
It is unclear whether the agreement includes scrapping the climate bonus and education leave or raising the retirement age.
EU Drops Action Against Austria After FPÖ-ÖVP Austerity Plan
The decision comes after the FPÖ and the ÖVP unveiled their €6.4 billion cost-cutting budget consolidation plan.
FPÖ-ÖVP: Savings Plan to Abolish Klimabonus and Education Leave
Key measures in the package include scrapping the climate bonus and education leave, while raising federal fees.
FPÖ and ÖVP Agree on Budget with Major Public Spending Cuts
The budget plan aims to avoid an EU deficit procedure without introducing tax increases, relying instead on cuts to public spending.
Austria Must Save €24 Billion to Fix Budget
With Austria’s economy in decline, the next government will need to tackle a €24 billion consolidation target to reduce the budget deficit.
No Pay Rise for Senior Austrian Politicians in 2025
The wage freeze will apply to senior federal officials, including the Federal President, government ministers and parliamentary leaders.
Austria to Break EU Budget Rules, Think Tank Predicts
The Institute of Advanced Studies predicts that Austria’s government deficit will reach 3.0% of gross domestic product (GDP) in 2024, exceeding the official EU threshold.
