Government Wants to Boost Economy with New Package

The federal government is working on an economic stimulus package at the beginning of autumn. It is to be finalized at a two-day retreat next week. According to the chancellery, the focus should be on "stimulating the economy" and dampening inflation, as stated by the chancellery to the APA. However, a sum of 400 million euros reported by "oe24" and "Heute" was not confirmed.

Government works on economic stimulus package

The government members from ÖVP, SPÖ, and NEOS will meet on September 2nd and 3rd at the chancellery for cost-saving reasons to discuss the plans for the coming months and to set the political priorities. External experts are also expected to participate in the retreat. The conclusion of the government retreat will be the council of ministers and the subsequent press foyer on Wednesday with the government leaders.

The retreat is intended to be used to "work on the upswing for Austria," it was already stated. This requires "measures that promote economic growth, reduce inflation, and advance structural reforms." Currently, both the council of ministers and the national council are on pause. The latter will return from the summer break on September 24th.

New investment premium possible

According to media reports, a "mini-package" to stimulate the economy could be launched. The coalition is said to scrape together 400 million euros despite a difficult budget situation. For example, a new investment premium is being considered. The government stated that there will be intensive discussions about the upcoming measures until the retreat and that much is still open.

(APA/Red)

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