Austrian Chancellor Karl Nehammer announced new measures this Tuesday to mitigate the impact of inflation on the purchasing power of the country’s citizens.
Karl Nehamer promised that taxpayers would get €1,000 deductions and more subsidies to help mitigate the impact of inflation.
In total, Austrian families and companies will receive 6 billion euros this year, a sum that will rise to 22 billion euros by 2026, the date on which the government promised to cut taxes. In addition to these amounts, other measures already announced to neutralize the increases in electricity and natural gas prices.
In turn, a planned tax on carbon dioxide emissions – a cornerstone of the country’s climate reform – will be delayed until October.
These measures come at a time when opinion polls show voters’ dissatisfaction with the coalition that unites the Green Party and the People’s Party in the country’s government. According to this poll, the Socialists are currently ahead of the Conservatives in terms of popularity.
“These times are very difficult,” Bloomberg quoted Neyhamer as saying. He concluded by saying, “We are giving people back the money that inflation took from them.”
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