This year, for the first time since 2012, the cost of interest payments by the federal government will rise relative to the overall budget, Styx said Monday, at the Vienna Economic Journalists’ Club. We must now find ways to reduce this debt again.
Austria’s debt level is relatively high at €270.89 billion (until the end of 2022), which could hurt the credit rating. This year, the OeBFA plans to take on €74 billion in debt, the highest amount since the beginning of the Second Republic. Given the currently high interest rate environment, Stix was optimistic that Austria would receive this money.
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