A spokesperson announced this on Wednesday in response to an APA inquiry. The FPÖ and ÖVP agreed on Monday that 6.4 billion euros should be saved by 2025. This should bring the deficit back below three percent of GDP. Consolidation is planned over seven years.

"Positive Signals"

Finance Minister Gunter Mayr identified "positive signals" on Tuesday after an exchange with the EU Commissioner for Economy and Productivity, Valdis Dombrovskis. The Commissioner also spoke of a "good and constructive meeting". The Commission is currently evaluating the measures put forward by Austria. If these are not sufficient, the Commission would make a recommendation to the Council of Economic and Finance Ministers. This body will ultimately make the final decision on whether a deficit procedure will be opened or not. The next time it meets is on January 21 in Brussels.

(APA/Red)

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