IV President Knill: “The double budget will be back in the fall...”:
Politicians are not being "straight with" the public about "the critical situation we are in ...
diepresse.com/28621006/iv-praesident-knill-das-doppelbudget-wird-im-herbst-wieder
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Industry Leader Calls for Bold Budget ReformsIV President Knill criticizes €5.1B savings plan and predicts the budget will be revised again in autumn 2026.
Key FactsJun 7, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: diepresse.com
Summary created with AI assistance · Source: diepresse.com
- Georg Knill views the 2027/28 double budget as insufficiently ambitious and advocates for a zero-growth budget requiring €15 billion in annual cuts.
- He highlights that the current budget plan fails to adequately address global economic uncertainties.
- Knill urges comprehensive reforms in education, healthcare, federalism, and pensions, proposing to raise retirement age to 68 by 2040.
- While a reduction in wage-related costs is planned, he criticizes offsetting measures that partially burden businesses anew.
The double budget will be opened up again in the autumn.— Georg Knill, president of the Industriellenvereinigung (IV), said in an ORF Pressestunde interview that the double budget will be opened up again in autumn.
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head of state and head of government of the United States of America
social-democratic political party in Austria
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