Austrian Times RSS FeedsLike the Austrian Times Facebook page!Follow us on Twitter!


Events for November
M T W T F S S
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
Add your event FREE

Today

Videos


BurgKino

Pub Quiz everyTuesday at Johnny's Pub

Popular in Austria


Cosmo&Nanu

Jorge Royan/Wikipedia

City of Vienna further in debt in 2013

The level of debt run up by the Social Democrat controlled Vienna city council is at a record high after increasing by 285 million EUR in the last year to 4.63 billion EUR

The statistics show that the city paid 84 percent of its running investment costs from the current budget, but about 16 percent was not covered and resulted in new debt.

From 2016 because of the implication of new brakes on such spending it will no longer be allowed. In 2013 the city paid out 12.471 billion EUR which according to the city's financial controller Renate Brauner met with the terms of the stability pact.

The expenditure included 1.94 billion EUR on building works including improving and safeguarding the freshwater supply by renewing water pipes and purification plants.

Social expenditure was at 3.37 billion EUR and expenditure on education and childcare just shy of 2 billion EUR.

In terms of the numbers employed by the city of Vienna including its sub companies like Wiener Wohnen, the Wiener Krankenanstaltenverbund and Wien Kanal were at the end of last year involving 56,720 full-time positions which is slightly down from the previous year when it was 56,830.

The budget was criticised by the opposition Freedom Party (FPÖ) which said that by 2016 they expect the debt to be even larger at exactly the point when the city is supposed to stop paying back.

FPÖ-Vienna party chief Johann Gudenus said there was about to be an avalanche of fees likely after the Vienna election in 2015. He said: "Vienna according to the latest auditor's report in 2013 had a net deficit of 16 percent. After 2016 however a net deficit is no longer allowable. By 2016 therefore, in order to make sure that income matches expenditure with a zero, Vienna needs to either need to cut expenditure significantly or increase its income.

ÖVP leader Manfred Juraczka added: "There is nowhere in Europe or indeed in Austria where the path the Socialists are taking that involves making more debts is attracting a majority vote. Yet for some reason Brauner is following this red line."

Austrian Times


Are you on Facebook? Like the Austrian Times on Facebook and win great prizes!

Your comment to this article :

(will be approved by an editor before going online)

  • Not for publication:
  • How many vertical lines or which Text (from left to right) do you see in this image:

Cosmo and Nanu
ORF Watch

Tag cloud:
debt  Gudenus  Wiener  auditor  percent  Ouml  controlled  deficit  billion  expenditure  Brauner  Vienna  avalanche  Social  income  Johann  election  paying  fees  Freedom

Latest News

 

Mad About Mammoths At Vienna Museum
A unique exhibition in the Austrian capital Vienna has proved a massive hit after bringing together for the first time some of the most famous frozen woolly mammoth remains.

Controversy Over Advert For Fucking Hell Beer
An Austrian political party has defended a decision to promote a local beer named after the village of Fucking.

Luigi Restaurant Cooks Up Delicious Delights For Winter Season
Brothers Luigi and Leo Doci who own the renowned Luigi restaurant chain will be cooking up a storm in Semmering this winter.

Church Porn Star In Court
A Polish-born woman who made a video of herself masturbating in church is facing six months in jail after a viewer called police when he recognised the woman.

Hugh Grant Cuddles Lamb On Animal Farm With Mrs Glock
Hugh Grant led a star-studded turnout at Austria's animal farm project which unveiled its Christmas market this week.

Cheating Wife Buries Hubby Alive For New Lover
A woman who married her sisterís fiance and then attacked him with a knife before burying him alive so she could be with her new lover is facing life in jail.

Spate of Crimes throughout Vienna and Lower Austria Solved
Four men have been arrested after committing 113 break-ins, 21 thefts and causing at least 260,000 Euros worth of damage.

Dad Punished Child, 2, With Boiling Hot Shower
A two-year-old girl is in an artificial coma and fighting for her life after her father threw her into a scalding hot shower leaving her with severe burns at the family home in the Austrian capital Vienna.

Police And Firemen Get Cold Turkey
Flipping the bird was given a new meaning in Austria this week when a truck filled with plucked turkeys overturned, closing a busy motorway in the process.

Hotel Gets A Penthouse Without The Building Stress
A hotel in the southern Austrian city of Graz has gone upmarket with a five-star penthouse suite by simply having it lifted by a crane onto the top floor.

 


Mala Vrata

The most popular stories –
last 7 days



Don't moan alone, the Ombudsman Investigates.

Why suffer in silence. Let off steam by letting our readers share your troubles. File your complaints about anything and everything here.

Our ombudsman David Rogers will try and help solve some of the problems from lazy civil servants through to incompetent companies – and at the very least the worst transgressors will end up in our weekly special report.


Austrian Zimmers