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[POLITICS] · Austria · 11 sources

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Austria agrees on 16 billion euro university budget and child savings plan

The Austrian federal government has reached an agreement on a 16 billion euro budget for universities covering the period from 2028 to 2030. This allocation is significantly lower than the 18 billion euros requested by the Universities Conference (uniko) to offset rising costs and inflation.

Academic leaders have expressed serious concerns regarding the funding level. The Rector of the University of Vienna, Sebastian Schütze, warned that any budget below 17 billion euros would force a massive dismantling of the higher education system. Similarly, the Rector of the University of Graz, Peter Riedler, cautioned that cuts would harm research, teaching, and regional economic competitiveness. At the University of Klagenfurt, Rector Ada Pellert warned that the decision could lead to the loss of up to 200 staff positions.

In addition to education funding, the government approved the 'Zukunftsdepot' initiative. This state-backed savings vehicle will provide a 500 euro start bonus for every child born from 2027 onwards. The program allows for annual tax-free investments of up to 5,000 euros per child, with funds becoming accessible after the beneficiary turns 18. The government also agreed on a 50 million euro media package.

Entities

Andreas Babler · Austrian federal government · Christian Stocker · ITU Austria · Sebastian Schütze · Uniko · Universities Austria · Universitieskonferenz (uniko) · University of Graz · University of Vienna

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