Otto Juch

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Otto Juch (born February 25, 1876 in Kirchbichl , † February 19, 1964 in Vienna ) was an Austrian financial expert and politician of the First Republic .


After studying law in Innsbruck, Juch began his career with the local financial procurator and was appointed to the Ministry of Finance on December 6, 1909. In 1923 he was appointed head of the department responsible for the introduction of goods sales tax, and in 1928 he moved to the budget and credit section as a group leader.

On October 16, 1929, Federal Chancellor Johann Schober appointed him to his government as Minister of Finance . His first major task was to participate in the merger of the Boden-Credit-Anstalt, which was about to become insolvent, with the Creditanstalt . Under Federal Chancellor Otto Ender , he brought the 7th amendment to the division of taxes through the National Councilwhich cost the State of Vienna around a fifth of its tax revenue. On May 12, 1931, the Creditanstalt collapsed. The finance minister was authorized to use ATS 100 million for the reorganization of the bank. However, this was only possible with foreign help. Juch resigned with his Federal Chancellor when he failed to get the National Council to cut civil servants' salaries by five percent. Until his retirement on August 31, 1936, he was head of the credit section in the Ministry of Finance. The construction of the Grossglockner High Alpine Road, which he helped to support, was also completed at this time .

Even after his resignation, until his death, Juch remained an important man in the economy with supervisory board seats in five large companies. His son Hermann Juch was a singer and opera director.


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