‘There will be more money’: Austria adjusts budget to reflect blockades

'There will be more money': Austria adjusts budget to reflect blockades

“I always said, if more money is needed, there will be more money,” Bluemel said. As it stands, Austria is planning broad easing in mid-May, but the government said that these budget changes were needed as the crisis persists. ($1 = 0.8345 euros)

“We’re adjusting the budget to secure further resources for healthcare and economic aid,” Finance Minister Gernot Bluemel said, adding the move follows budget revisions in neighbouring Germany and Switzerland. Altogether, the general government debt ratio will rise 1.7 percentage points to 89.6% of gross domestic product, the government said.

The action comes after Austria’s Wifo institute, which provides forecasts for the government, said in March that in a “lockdown scenario” the country’s GDP in the current year would grow only 1.5%, lower than an estimated 2.3% growth if lockdowns were lifted soon. Meanwhile, tax revenue is likely to come in 2.6 billion euros less than had been expected at 72.5 billion euros, boosting the forecast budget deficit by 8.1 billion euros to 30.7 billion euros.

Source whbl.com (Reporting by John Miller; Editing by Raissa Kasolowsky)

The News Highlights

  • ‘There will be more money’: Austria adjusts budget to reflect blockades
  • Check the latest News news updates and information about business, finance and more.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Miley Cyrus jokes about Elon Musk explaining Dogecoin to her before the ‘SNL’ appearances

Miley Cyrus jokes about Elon Musk explaining Dogecoin to her before the ‘SNL’ appearances

In fact, he’s apparently been trying to explain its value to Cyrus. In a new tweet posted Saturday morning, the singer wrote, “What I hear when Elon is ...
EE is offering Xbox Game Pass Ultimate and unlimited gaming for just £10/pm

EE is offering Xbox Game Pass Ultimate and unlimited gaming for just £10/pm

A recent promotion shows EE dipping its toes into the ever-expanding world of mobile gaming, now partnering up with Xbox for a pretty interesting promotion ...
China to extend financial relief to small and micro businesses

China to extend financial relief to small and micro businesses

Source www.bloomberg.com LEARN MORE — With assistance by Sarah Chen The central government will continue to use its special fund for small and micro ...
Arnold Schwarzenegger is avoiding bitcoin, dogecoin and other cryptography.  Warren Buffett may be the reason.  |  Currency news |  Financial and business news

Arnold Schwarzenegger is avoiding bitcoin, dogecoin and other cryptography. Warren Buffett may be the reason. | Currency news | Financial and business news

The Hollywood actor praised Buffett as “the greatest investor ever, my mentor, and my hero” when he joined the gubernatorial campaign. The Berkshire chief, ...
Cone Health and public art donation seek great outdoor sculpture News

Cone Health and public art donation seek great outdoor sculpture News

Moses Cone Hospital President Preston Hammock said, “Health care is a journey for our patients that involves a variety of experiences, emotions and ...
Do You Want More ‘Narrative-Adventure’ Games Like The Last Of Us 2 On Xbox?

Do You Want More ‘Narrative-Adventure’ Games Like The Last Of Us 2 On Xbox?

In the review, the team highlighted a couple of negatives about the gameplay specifically, but otherwise lavished it with praise, saying they “loved it, had ...
The Crypto Daily - Movers and Shakers - May 5, 2021

Ann Arbor bookstore closing its doors after 8 years in the market

Bookbound Bookstore is no longer selling gift certificates and encourages anyone with one to use it as soon as possible. For now, the store is open for ...
Editorial: May is Mental Health Awareness Month |  Editorial

Editorial: May is Mental Health Awareness Month | Editorial

Source This laudable effort, “Mental Health is a Puzzle, But We Have the Missing Pieces,” aims not only to raise awareness, but to provide resources such as ...
Faceoff bewteen Apple MacBook Pro & Microsoft Surface Laptop 4

Apple might Update MacBook With New Colors?

source who was correct about the iMac colors tells Prosser that he saw a “blue MacBook prototype that looked absolutely amazing”. The source also told ...
Reconnecting: launch event for women’s LIFT at the Old House |  The business

Reconnecting: launch event for women’s LIFT at the Old House | The business

Your subscription makes our reporting possible. Support Local Journalism {{featured_button_text}} ...
Show next
Compsmag - Latest News from tech, business and health
Logo