Red alarm level: Kolm criticizes traffic light coalition because of a wild budget deficit!
Red alarm level: Kolm criticizes traffic light coalition because of a wild budget deficit!
The fiscal council presented alarming figures on April 11, 2025, which show a budget deficit of 4.4 percent for the current year. This development leads to an impending danger of EU deficit procedure, which makes the incumbent government's financial policy appear in a critical light. ots.at reports Dr. Barbara Kolm, business spokeswoman for the FPÖ, criticized the policy of government parties ÖVP, SPÖ and Neos.
KOLM describes the Federal Government's consolidation measures as not credible and is suspicious of the figures presented by the government. In their view, the planned consolidation volume for 2023 and 2024 are not understandable for the fiscal council. She warns that taxpayers ultimately have to bear the costs for the government considered incompetently.
Criticism of the government
In her criticism, Kolm emphasizes that the government has failed to make savings on important issues such as mass immigration, climate policy and bureaucracy. At the same time, she criticizes the abolition of educational leave and describes the cuts carried out as cosmetic measures without real structural reforms. This makes Austria appear to be increasingly unattractive.short advertising
For 2026, a historical debt record is forecast, which further increases concern about the financial stability of the country. These developments are not to be ignored, especially in the context of EU fiscal policy, which aims to prevent non-sustainable public finances within the economic and monetary union.
EU fiscal policy at a glance
as in Europa.eu required the reforms of the stability and growth pact that came into force between 2011 and 2013 Solid frames for the fiscal political control of the Member States. These reforms aim to strengthen the principle of solid public finance and to promote political responsibility and the simplification of the rules.
With the reformed framework that came into force on April 30, 2024, Member States have to present national, medium-term financial-political plans. These plans are intended to integrate output goals and reforms, especially in the areas of the environment, digital and defense. The European Commission has the task of assessing compliance with the Maastricht criteria and can suggest a reference path for public expenses in the event of violations.
The current situation in Austria illustrates the challenges that both national governments and the EU are facing to ensure financial stability and sustainable economic growth. It remains to be seen how the government will react to the critical figures of the fiscal council and what measures are taken to consolidate public financial policy and to regain the trust of the population.
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Source: die-nachrichten.at