Off the wire
• Exhibition to honor Tang Xianzu, Shakespeare opens in the Netherlands  • Austrian parliament in favor of restricting weapons sales embargo to Turkey  • Canadian stocks inch down as Energy and Financials fade  • Germany's benchmark DAX index closes up on Thursday  • Christmas spending in Austria expected to see boost this year: economic institute  • Czech people's confidence index on economy reaches highest since 2008  • Computer science to become Ireland's Leaving Cert subject by 2019  • Roundup: China, EU political, business heavyweights end Hamburg Summit  • China cultural center inaugurated in Den Haag, the Netherlands  • German consumer climate predicted to stabilize in Dec.  
You are here: 　 Home

Austrian parliament approves 2017 budget

Xinhua, November 25, 2016 Adjust font size:

The Austrian federal budget for 2017 has been given approval in parliament on Thursday evening, with a higher deficit than initially anticipated.

The Kurier newspaper reported that only the two parties to the coalition government voted on the budget, following three days of deliberations in parliament.

A further 540 million euros (572 million U.S. dollars) have now been added compared to initial estimates, bringing the total to 77.63 billion euros.

This is partly due to the newly-agreed upon tax distribution scheme that is to see the federal government give state governments an additional 300 million euros of tax income each year, as well as an extra one-off payment to help tackle the asylum crisis.

A number of further smaller sums were also added to the budget. (1 euro = 1.06 U.S. dollars) Endit