Severe austerity package

New budget shock: 15 billion missing annually

The Turquoise-Greens have burned through tens of billions of euros of taxpayers' money.(Bild: wetzkaz - stock.adobe.com)

The fog surrounding the budget shortfall is slowly clearing. As an analysis by the parliamentary budget service leaked to the "Krone" shows, 15 billion euros are missing every year! That is a seventh of the entire state revenue. Austrians will have to prepare themselves for a horrendous austerity package in the coming years.

The Turquoise-Greens have maneuvered Austria into a financial disaster through uncovered expenditure. The state spends 20 billion euros more per year than it takes in. Revenues amount to just over 100 billion and expenditure to over 120 billion.