What is the government wasting money on?
budget: What the state spends its money on
Vienna. The state has not yet finalized its budget for 2017 - income and expenditure from the federal government, states, municipalities, social security and over 2000 regional authorities that collect taxes and pay out benefits in Austria have not yet been published. A preliminary result will not be reported to Brussels until the end of March - the final result of how the state, its local authorities and companies managed in 2017 will not be available until the end of September.
occupies the most
But the state budget of 2016 also shows very well where the state's money comes from: Of the total of 151 billion euros received in 2016, 54, i.e. a good third, came from social security contributions paid in by companies, employees and pensioners.
At almost 43 billion euros, income taxes made up the second largest item, and wage taxes in particular are particularly worthwhile for the state at 25 billion euros. Taxes on the income and profits of corporations, including corporate income taxes, bring in almost nine billion euros. Income taxes on capital are also included in income taxes. There are currently no traditional wealth taxes in Austria to speak of.
In terms of taxes on goods, a total of 39 billion euros, VAT brought in the most money for the state, at 27 billion euros. Further production taxes, including property taxes, bring a total of twelve billion euros.
The pensions cost
the state most
 The item "Social Security" was the most expensive in the state's expenditure in 2016 with 76 billion euros out of a total of 179. However, pensions are included here at 46 billion euros - an insurance benefit that you ultimately paid for. 28 billion euros flowed into the health system, and a total of 17 billion euros into education from kindergartens to schools and universities. "Seven out of ten publicly spent euros go to health, education and social security," explains Georg Feigl, budget expert at the Chamber of Labor. Incidentally, the federal government distributes almost half of the money, the social security agencies a further quarter, and the rest of the federal states and municipalities.
Like it was in 2018 and 2019
going on with the budget
The economic research institutes Wifo and IHS forecast the further development of the national budget on Friday: According to this, government revenues and expenditures of 182 billion euros are expected in 2017, which is a deficit of 0.8 percent of gross domestic product (2017: 369.22 billion euros ) means according to Maastricht criteria. In 2018, the deficit is expected to decrease to 0.3 percent. In 2019, Wifo expects a subtle surplus of 0.1 percent of GDP of then probably 402.8 billion euros - i.e. around 192 billion income or expenditure.
 Both are dependent on government action, both cuts and overspending. Finance Minister Hartwig Löger (ÖVP) is pouring the plans into concrete figures in the 2018/19 double budget next Wednesday. Wifo director Christoph Badelt advises the government to "continue to make efforts to consolidate the budget" despite the surplus. IHS boss Martin Kocher insists on "getting the long-term cost drivers under control at an early stage" - and mentions pensions, health, care. "Significant savings would only be possible with a number of noticeable reductions in benefits," says Feigl.
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