The National Council makes a new law. The law is about money for the state. This money plan is for 2 years. We call this a double budget. The parties OVP, SPO and NEOS agree. Finance Minister Markus Marterbauer likes the plan. He calls the plan a complete work of art.
Austria wants less debt. Debt is money that the state owes others. The goal is the Maastricht limit. This rule allows only 3 percent new debt per year. Austria wants this goal in the year 2028. There are many plans to save money. There is also money for the future. The whole plan costs 5 billion Euro.
New laws bring many changes. There is a new tax for parcels. Companies pay less money for employees. This helps to create new jobs. Retired people can earn more money tax-free. In schools, there is a second year of kindergarten. This year is free for the parents.
The opposition parties are not happy. The FPO criticizes the plans for families. They want more money directly for parents. The Greens have criticism too. They miss a plan for safety. But the majority agrees. Now the National Council has a summer break.
