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’s Exports Drop as Demand Weakens
The country’s four main export sectors – machinery, processed goods, chemicals and manufactured goods – all declined.
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.
