Early parliamentary elections were held in Austria on 17 December 1995, following the collapse of the grand coalition between the Social Democratic Party (SPÖ) and People's Party (ÖVP) due to disagreements over the national budget. The SPÖ made small gains, primarily at the expense of minor parties, while the ÖVP remained static. The grand coalition was renegotiated, and Franz Vranitzky continued serving as Chancellor.