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Refugee Crisis to Cost Austria €1 Billion in 2016
The Local ^ | 14 Oct 2015

Posted on 10/19/2015 3:04:44 PM PDT by nickcarraway

The spiralling refugee crisis will cost Austria €1 billion ($740 million) in 2016, the finance ministry announced on Wednesday, as the country expects 85,000 new asylum-seekers by the end of this year.

Average spending per asylum-seeker is set to rise to €10,724 next year, up from €9,593 in 2014, according to the latest available figures.

The total cost will represent 0.3 percent of gross domestic product (GDP) compared to 0.1 percent this year, Finance Minister Hans Jörg Schelling said in his annual budget report to the European Commission.

Despite the extra burden, Austria's public deficit would nevertheless stay well below the European Union's prescribed ceiling of 3.0 percent of GDP, Schelling added.

(Excerpt) Read more at thelocal.at ...


TOPICS: Business/Economy; Extended News; Foreign Affairs; Germany; Israel; News/Current Events; Russia; Syria; United Kingdom; War on Terror
KEYWORDS: alexistsipras; austria; bulgaria; europeanunion; france; germany; greece; iran; iraq; israel; jihad; kgb; kurdistan; lebanon; nato; patricelumumbaschool; receptayyiperdogan; russia; syria; syriza; turkey; unitedkingdom; waronterror

1 posted on 10/19/2015 3:04:44 PM PDT by nickcarraway
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To: nickcarraway

7.62mm NATO is cheap. Hirtenberger makes really good stuff.

EOM


2 posted on 10/19/2015 3:06:11 PM PDT by NorthMountain ("The time has come", the Walrus said, "to talk of many things")
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To: nickcarraway

It will most likely cost them their way of life. Jihad always starts with immigration. Always.


3 posted on 10/19/2015 3:07:39 PM PDT by all the best
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To: nickcarraway

Imagine how much they’d save by not allowing any in.


4 posted on 10/19/2015 3:43:58 PM PDT by bgill ( CDC site, "we still do not know exactly how people are infected with Ebola")
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