Three parties say they have reached a deal to form a new centrist Austrian government, five months after an election was won by a far-right party that later failed in an attempt to form an administration.

Three Austrian mainstream parties said they had come to an agreement, elbowing aside the far-right group that had won the country’s election.

The three biggest centrist parties in Austria's parliament have agreed to form a new coalition government, sidelining the far-right Freedom Party (FPO) even though it came first in September's parliamentary election.

FPO leader Herbert Kickl brands three-party arrangement between the conservatives, centre-Left and liberals as ‘coalition of losers’

Austria's centrist parties agree to form a coalition without the far-right election winner Freedom Party:: :: Andreas Babler, SPO leader :: "I am very happy and proud to be able to stand here with you both today to present our joint government programme.

The three biggest centrist parties in Austria's parliament have agreed to form a new coalition government, sidelining the far-right Freedom Party (FPO) even though it came first in September's parliamentary election.

Three moderate Austrian parties struck a deal to form a new government, moving ahead with a coalition which will need to make deep budget cuts in an economy trying to exit a second year of recession.

Austria's center-right People's Party, Social Democratic Party, and liberal New Austria Party present their agreement to President Alexander Van der Bellen - Anadolu Ajansı

The conservative Austrian People's Party, the center-left Social Democrats and the liberal Neos agreed on a program for a coalition

Thursday's announcement follows the longest period of coalition negotiations in Austria's recent history, after two previous attempts to form a government failed. The three-party government, which would be the first since the late 1940s,