Out for “cold progression” shows effect in the budget – Finanzen & Börse

Vienna – The abolition of “cold progression” is beginning to be reflected in the budget. So far this year, income tax has grown much more slowly than inflation. In addition, the implementation of the budget until the end of February is characterized by inflation-related additional payments, such as energy aid. The higher interest rates are also putting pressure on the budget. Overall, the development is negative compared to 2022.