Reform pressure grows: IV demands brave measures for Austria's future!

Reform pressure grows: IV demands brave measures for Austria's future!

In the middle of growing financial challenges, the Industrial Association (IV) under President Georg Knill calls for a courageous reform agenda from the upcoming federal government. In a clear appeal, it is emphasized that Austria urgently needs a "fitness cure" to end the unchecked expenditure policy. Knill turned against short -term solutions and emphasized the need to seriously tackle structural problems instead of just juggling with money. This reported vienna.at .

The IV President also addressed the end of the "watering can principle", which has produced inefficient measures such as the climate monus in recent years. For 2024, 1.5 billion euros are planned to reject the knill as urgently. The expenditure for grants, currently 7.5 percent of GDP, is devastating above the EU average of 5.7 percent. An adaptation to this cut could provide Austria a savings potential of 8.5 billion euros. The area of ​​education, with an annual burden of 500 million euros through the educational leave, is also under discussion, since targeted reforms are considered necessary, so ots.at .

urgent structural reforms required

Knill not only sees short -term measures as a solution, but also requires comprehensive structural reforms in the areas of administration, healthcare and education. A study indicates considerable efficiency deficits, and it is estimated that targeted measures could be created a savings potential of up to 18.7 billion euros. The current pension system, perceived as unjust and stressful for future generations, also requires reforms to ensure financial stability by 2050. In order to meet these challenges, an increase in the age of retirement is proposed to achieve significant savings by 2029 in the amount of 10 billion euros

The IV is urging the government not to ignore these reform initiatives, but to be courageously implemented in order to bring Austria to a sustainable financial course. "The solutions are on the table, now political courage is asked," concluded Knill. This makes it clear that immediate measures are decisive to cope with the financial challenges of the country.