Austria is saving in the wrong place, says Agenda Austria
Published
The think tank Agenda Austria criticises the federal government's savings plans. According to the organisation, cuts are being made above all in the areas of education, family and research. At the same time, the state's interest payments are rising sharply. They are expected to grow further from 8.3 billion euros.
Agenda Austria believes that these cuts set the wrong priorities. Education and research are important for the future of the country, because they can strengthen the economy and create new jobs. Families are also affected by the savings, which many people could feel in their everyday lives.
The background to the debate is Austria's high national debt. The government must save money in order to reduce the budget deficit. However, interest on existing debt is rising faster than expected, and these costs place an additional burden on the budget.
It remains open how the government will respond to the criticism. The discussion about the right balance between saving and investing will certainly continue in the coming months.
Sources: exxpress
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