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26.10.2010
Austria will help restore the new budget plan
Austria will help restore the new budget plan

Austrian pravitelsvo plans to reduce its budget deficit to 3,2% by the end of 2011. To achieve this, the Austrian officials will have to reduce the cost of 2,8 billion euros. To accomplish these objectives, the Government will Austro povyshet excise taxes on tobacco products (cigarettes), and gasoline, to increase taxes on banking activities and to reduce government spending, among which the payment of pensions. All of these provisions approved a new budget plan.

Chancellor of the Austrian government said this budget is a guarantee of stable social and balanced course.
Thus, according to a report of the Institute of Economic Research, Austria's GDP could rise by 2% in 2010, and in 2011 - by 1,9%.




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