Austria Fiscal Council Warns Tax-Savings Package Insufficient; Austerity Risk Looms

Austria's Fiscal Council and Budget Service warn that the government's tax and savings package will not reduce new debt below 3% of GDP by 2028, raising the prospect of further austerity. Finance Minister Markus Marterbauer faces political pressure as a potential SPÖ leader, complicating fiscal consolidation. The warning signals potential growth headwinds and fiscal tightening in Austria.

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