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State of Upper Austria imposes debt cap – economic policy

by Alexandra Hartman Editor-in-Chief

2023-10-24 09:00:06

Linz – The state of Upper Austria wants to impose a debt cap from 2024, which should be 25 percent of revenue. At 90 percent utilization, an alarm system should take effect in order to return to 80 percent of the extent within five years. This was announced by State Governor Thomas Stelzer (ÖVP) and his deputy Manfred Haimbuchner (FPÖ) in a press conference on Tuesday with economist Teodoro Cocca.

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