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Austrian far-right leader Herbert Kickl has reached a coalition agreement with the conservative Austrian People's Party to reduce the budget deficit, marking a new political era in Austria.
Kickl's plan includes 6.3 billion euros in savings to lower Austria's deficit below 3%, strictly adhering to EU guidelines without imposing new taxes.
The agreement aims to close tax loopholes and privileges for large corporations while cutting excessive subsidies, a strategic move by the newly formed coalition.
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