Vienna threatens to be record deficit: City council discusses financial future!
Vienna threatens to be record deficit: City council discusses financial future!
On June 23, 2025, the Vienna municipal council met and started a two -day debate about the financial statements for 2024. This session marked an important moment for the city when finance councilor Barbara Novak (SPÖ) gave her first speech in her new function. In her speech, she thanked the people who were instrumental in creating the invoice, including Federal Minister Peter Hanke and Christoph Maschek. The economic situation of Vienna has hesitantly recovered after the Corona years and the energy crisis, which is also reflected in the numbers. The debt of the city of Vienna is an impressive 11.94 billion euros - an increase of 1.77 billion euros compared to the previous year. The planned premiums for 2024 and 2025 also have an increase of 2.24 billion euros, which is also caused by the city, such as meinziKirk.at reports.
Unfortunately, the invoice is not the only concern of worrying. The deficit for 2024 amounts to 1.77 billion euros and is therefore the highest in the history of the city. Another deficit of 3.8 billion euros will be predicted for 2025. Novak emphasizes that the city urgently needs fair federal taxes, since around 500 million euros in income in 2024 and 2025 are missing. These financial challenges also led to sharp criticism from the ranks of the opposition.
opposition is critical of
ÖVP club chairman Harald Zierfuß spoke of a "record minus" in the budgets of 2024 and 2025. Judith Pühringer, the head of the Greens, also demanded urgently needed investments in public transport. The positive presentation of the financial situation by the assembly was particularly discussed. While Neos club chairwoman Selma Arapovic pointed out that Vienna spent 500 million euros less in the previous year than originally budgeted, Dominik Nepp from the FPÖ appealed to those responsible to present the reality more realistically and not to gloss over.
If the deficit remains so high, it will make a major challenge for the new coalition of SPÖ and NEOS to implement the required reforms, such as checking all funding and the planned reform of the minimum security. The priority should be placed on saving, reforming and investing to ensure sustainable financial planning, as well as press.wien.gv.at. This is intended to achieve that "work has to be worthwhile", a goal that Novak announced.
Vienna in the economic context
Despite the difficult financial situation, Vienna has some positive economic developments. Unemployment is 6.1 percent below the Austrian average of 8.2 percent and the city generated 119 billion euros in the previous year, which is a quarter of the gross national product. The overnight stays in Vienna also rise with a record of 18.9 million. In addition, over 10,000 company settlements in Vienna were registered in Vienna, a positive signal for the location.
As part of the investments, 3.42 billion euros flowed into the health sector and 3.86 billion euros in education, where, among other things, 113 all -day folk schools with free lunch are operated. The city also increased the assets by 1.1 billion euros to 37.8 billion euros.
In view of this mixed balance sheet, the political discussion in Vienna will certainly remain exciting. The local council faces the challenge of realizing all projects in accordance with responsible financial management, while at the same time ensuring social cohesion in the city. It will be interesting to see how the debates will develop and whether the needs of the Viennese population can continue to be taken into account in the future. The [Austrian press releases] (https://www.ots.at/presseaus-sung/ots_20250521_ots0089/juraczka-zum calculation degree 2024-wien-Usen-Finanzpolitische trend turn) also reports to the upcoming challenges in the budget optimal master.| Details | |
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| Ort | Simmering, Wien, Österreich |
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