Flood fallout, slow economic recovery escalate Austria's budget deficit

VIENNA, 6th October, 2024 (WAM) -- Austria has revised its 2024 budget deficit forecast upward to 3.3 percent of its GDP, attributing the change to slower-than-expected economic recovery and the financial impacts of natural disasters, especially recent floods. The adjustment reflects challenges in Austria's efforts to manage economic strains while facing the fallout of environmental crises.

Austria's Ministry of