Austria is on the brink of forming its first-ever three-party coalition government, with the ÖVP, SPÖ, and Neos negotiating a seven-year budget consolidation plan.

The coalition aims to address key issues like healthcare, education, and migration through ambitious "lighthouse projects.

" These include reforms to reduce waiting times for medical appointments and a mandatory integration year for asylum seekers.

While the Neos push for lower payroll taxes, the SPÖ focuses on child welfare and healthcare improvements.

Despite public and internal pressures, the parties are optimistic about finalizing the agreement by mid-January, promising a transformative agenda for Austria's future.