High deficit despite record tax revenue: is that necessary?

2023-11-22 16:43:26

New figures show that tax revenues will continue to rise sharply this year. Inflation primarily drives revenue from sales and payroll taxes. Against this background, Agenda Austria criticizes the “unambitious budget” for 2024.

New figures on the state’s tax revenues exacerbate the question of why the federal government will have to go into high debt once more next year. Because tax revenue, fueled by the wave of inflation, remains on record. In total, they have increased by 10 since 2019…

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#High #deficit #record #tax #revenue

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