Vienna City Parliament Expects Marathon Session

Following the constitution of the municipal council and state parliament last Tuesday, the first regular sessions of the Vienna City Parliament after the Vienna election are upcoming: Starting Monday, June 23, sessions will be held on four consecutive days. Initially, the financial statement for the year 2024 will be discussed and decided upon. This will take two days. On Wednesday and Thursday, sessions of the municipal council and the state parliament are on the agenda.

Budget Deficit at 1.77 Billion Euros

The financial statement is expected to spark intense debates, as the city's financial situation is considered highly challenging. However, the 2024 balance sheet was better than budgeted. As recently communicated, the budget deficit for the past year amounts to 1.77 billion euros. Originally, a deficit of 2.24 billion euros was expected for 2024. As a result, new debt was also lower. Overall, the municipality's financial debts now amount to 11.9 billion euros.

Negotiations on Savings Package

The continuation of this trend is considered unlikely: The deficit in 2025 is expected to be higher than planned. According to recent forecasts, it will not be 2.3 billion, but 3.8 billion euros. In light of this development, negotiations on a savings package are currently underway at City Hall. However, the red-pink coalition has not yet revealed any details.

(APA/Red)

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