Trending
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Austria's far-right Freedom Party (FPÖ) and the conservative People's Party (ÖVP) have agreed on a budget plan to cut public spending by approximately 6.4 billion euros in 2025. The aim is to avoid an excessive deficit procedure by the European Commission. The parties have outlined that the savings will be achieved without introducing new taxes, focusing instead on expenditure cuts. The plan includes the suspension of social benefits indexation, reductions in climate bonuses, and cuts to subsidies for electric vehicles and photovoltaic systems. The agreement comes amidst ongoing coalition negotiations, with the FPÖ potentially leading the next government, marking a significant shift in Austrian politics.
