abstract:The Federal Ministry of Finance (, abbreviated BMF or Finanzministerium) is the cabinet-level finance ministry of the Austrian Federal Government. Its seat is at the former city palace of Prince Eugene of Savoy in the Austrian capital Vienna.
According to Nelson Barbosa, executive secretary of the MinistryofFinance, the need for further federal spending to cover losses may fall if there is increased formalization or if the benefited sectors grow more than expected.