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Thursday, February 2, 2023

Stix advocates reducing government debt

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This year, for the first time since 2012, the cost of interest payments by the federal government will increase in relation to the overall budget, Stix said yesterday, Monday, at the Economic Journalists’ Club in Vienna. We must now find ways to reduce this debt again.

Austria’s debt level is comparatively high at 270.89 billion euros (as of the end of 2022), which could damage the credit rating. This year, the OeBFA is planning to take on debts of 74 billion euros, which is the highest value since the beginning of the Second Republic. Due to the currently higher interest rate environment, Stix was optimistic that Austria would receive these funds.

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Source: Nachrichten

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