Negotiations Begin for Double Budget
The Austrian government is planning a dual budget for 2027/28. Discussions are happening with department heads. These talks are based on economic forecasts, including those about the Iran-Iraq war.
Finance Minister Markus Marterbauer is proceeding with the dual budget plan. The WIFO and IHS are giving negative forecasts. These forecasts include different possible scenarios. The government will look at these forecasts carefully. They may change the budget if needed.
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Highlights
Dual Budget Negotiations Begin
The Austrian government started talks on the 2027/28 budget.
Marterbauer Leads Discussions
Finance Minister Marterbauer is meeting with department heads.
Iran-Iraq War Impacts Forecasts
Current economic data, including Iran-related forecasts, are informing the talks.
Pessimistic Economic Forecasts
WIFO and IHS are presenting negative economic forecasts.
Flexibility in Budget Plans
Marterbauer says adjustments can be made later.