Vienna expects 4.3 billion euros more debt in the next two years – Vienna

2023-10-20 11:04:58

It is “the first double budget for more than two million Viennese,” said City Councilor for Finance Peter Hanke (SPÖ) when presenting the budget estimate for 2024 and 2025. In any case, the financial floodgates are being opened in the significantly growing metropolis: although they are also increasing the income, but new debts totaling 4.3 billion euros are planned for 2024 and 2025. According to Hanke, new debt is 2.04 percent. The total debt level will climb to a forecast 14 billion euros by the end of 2025.

1697800890
#Vienna #expects #billion #euros #debt #years #Vienna