Budget 2021: the great success is missing for the moment



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Blümel’s political opponents criticize (Neos: “discouraged”, SPÖ: “Manifesto of broken promises”). How do experts judge the well-known figures?

Wifo boss Christoph Badelt says of KURIER: “2020 was obviously a year of improvisation. Now everything has to be done, so first all the aid and crown measures are brought together in the context of a general budget. And then the government has to show its colors in the financial framework until 2024, what are the next steps, but one, from maintenance to climate and fiscal reform. I hope so. A wide range of economic policy questions is open. “

What of these directions can already be seen in the 2021 budget?

The fight against unemployment continues to be a focus of attention. There should be 400 million euros more for qualification measures. If you add up the expenses for unemployment benefits and part-time work, 2.8 billion additional expenses are expected in this area. More money is also available, albeit in a manageable amount, for transportation, health, weather, universities, and the military.

Is there more than one drop in the bucket?

Barely. The fight against Corona devours most of the money again, with $ 9 billion flowing into the relevant Corona fund. If not? In the filtered numbers, p. Eg For example, there is talk of an increase of 130 million for the army. The new interceptors don’t go out there. These figures also mention 400 million euros more for the Environment department. Even if money were to flow from other pots here, a billion-dollar annual climate is hard to represent.

How about a stimulus package? Where is the promised tax reform?

Those are two more big questions. The government has valued the financial aid, but these are already known and range from the new loss carryforward to the lower value added tax for the catering industry and investment bonuses. However, if the economy recovers more slowly than expected in 2021, the call for much stronger economic aid will soon be unmistakable. The same applies to tax reform. The economy in particular has not forgotten the promised reduction in corporate taxes.

So far, only the reduction of the first level of tax rate from 25 to 20 percent has been implemented. All other important relief steps have been postponed for the time being.

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