Vienna would need 370 years to repay the debts

The figures have recently worsened. As of 2023, purely mathematically, the city would have been debt-free in about 240 years. The basis of the evaluation is the financial debts of 11.94 billion euros reported in the financial statement.

Without Pension Provisions: Vienna Debt-Free in About 80 Years

They had increased by 1.77 billion euros compared to 2023. The 370 years for repayment is the maximum value, which also includes pension provisions. If these are not taken into account, according to the report, it would still take exactly 80.56 years to pay off the debt.

Incidentally, the total number of retired civil servants has increased according to the City Audit Office. The number will rise by 470 to a total of 42,373 people by the end of 2024. The actual retirement age (excluding state teachers, note) in the period from 2020 to 2024 ranged from 60.33 to 61.01 years. It thus approached the statutory retirement age of 65 years "only slightly," as the auditors noted.

(APA/Red.)

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