“The financial statements for 2024 clearly shows that Vienna continues to get into a questionable financial imbalance. With a record deficit, it is high time to fundamentally rethink the financial policy strategy,” commented the financial spokesman for the Vienna People’s Party, Manfred Manfred Juraczka, the currently submitted invoice for the city of Vienna.
The result is around 500 million euros below the minus of 2.24 billion euros forecast, but with a new debt of 1.77 billion billion euros, the highest deficit in the history of the city is recorded. The overall debt of the magistrate now amounts to 11.9 billion euros. “The fact that this result is still considered a success is surprised. The fact that Vienna is heading for a debt, the great need for action entails,” said Juraczka.
Neos will continue to carry the Wiener SPÖ
In 2024, the city of Vienna took 23 million euros more than originally planned. At 7.967 billion euros, the earnings shares were below expectations, while the state and municipal taxes were significantly over plan with 2.358 billion euros. “This shows once again that Vienna has no revenue problem, but an expenditure problem,” says Juraczka and further: “In the past, the Neos have always spoken out for transparency and solid budget policy. The more it is all the more amazed that they have been supporting this financial policy course for years. A critical examination of the increasing debts is urgently advised from the perspective of the Vienna People’s Party.”
In 2025 there is a threat of further deficit
As is well known, an incredible deficit of 3.8 billion euros has been announced for this year – that is 1.6 billion euros more than in the estimate. “This forecast is a clear warning signal. It is urgently needed to pay more attention to sustainable financial planning and long -term control,” Juraczka continues and in conclusion: “Vienna faces great challenges, also at a budgetary level. Urban politics must face this reality and finally strike a credible consolidation path – in the sense of a sustainable and generation financial policy.”
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