Skip to content
Markets

Austria Offers 1,000 Euro Handouts to Quash Inflation Discontent

  • Government gives taxpayers cash as popularity drops in polls
  • Measures also delay carbon-dioxide tax until fourth quarter
Pedestrians walk down the Kohlmarkt shopping street in Vienna, Austria.

Pedestrians walk down the Kohlmarkt shopping street in Vienna, Austria.

Photographer: Akos Stiller/Bloomberg

Austria’s government promised taxpayers as much as 1,000 euros ($1,044) in cash rebates each and further subsidies to help buffer the effects of soaring inflation.

Households and companies will receive 6 billion euros this year and the next in direct benefits, with an added 22 billion euros of help through 2026 in the form of lower taxes. That’s on top of billions of euros already pledged to counteract spiking electricity and natural gas prices.