Debt Level Increased Further This Year

On September 30, the public debt level amounted to a total of 423.9 billion euros according to Statistics Austria, representing an increase of 11.6 billion euros compared to the end of the second quarter. The most significant increase in public debt was recorded in the federal sector, where liabilities rose by 9.8 billion euros. There was also an increase in debt in both the state and municipal sectors by 0.9 billion euros each.

Debt Level: Cumulative Deficit After Three Quarters 4.5 Percent

The public deficit was 3.9 billion euros or 3.1 percent of the gross domestic product in the third quarter. State revenues amounted to 63.2 billion euros, while expenditures were 67.1 billion euros. The preliminary results of the first three quarters show a cumulative deficit of 17.0 billion euros or 4.5 percent of GDP. The federal government's budget plans for 2025 foresaw a deficit of exactly 4.5 percent and a national debt ratio of just under 85 percent.

FPÖ budget spokesman Arnold Schiefer expressed alarm in a statement. The government continues to save too little on itself and in the structures. An increase in debt of 11.6 billion euros in just one quarter shows that business is being conducted without regard for the financial future of our country. This is a heavy burden for future generations. The result certainly shows that the government does not have its expenditures under control.

(APA/Red)

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