Austria's Federal Council (upper house of parliament - Bundesrat) approved the Budget Restructuring Measures Bill 2025 ( Budgetsanierungsmaßnahmengesetz 2025) on 13 March 2025. The Bill was approved by the National Council (lower house of parliament) on 7 March 2025. It must now be published in the Official Gazette and will generally apply from 1 April 2025. As previously reported, the main measures of the bill are highlighted in the following release from the Austrian Ministry of Finance. --- Minister of Finance Marterbauer: Federal Government has taken the first steps towards consolidation A series of consolidation measures were adopted in the...