- Following an unprecedented crisis due to the pandemic, Austria’s recovery and resilience plan responds to the urgent need of fostering a strong recovery and making Austria future ready. The reforms and investments in the plan will help Austria become more sustainable, resilient and better prepared for the challenges and opportunities of the green and digital To this end, the plan consists of 32 investments and
27 reforms. They will be supported by €3.46 billion in grants. 59% of the plan will support climate objectives and 53% of the plan will foster the digital transition. Austria’s plan will reform the tax system to make it greener and more social, increase digitalisation, protect the climate through zero-emission mobility, renovation and energy-efficiency measures, and improve education and training across the country. All reforms and investments must be implemented within a tight timeframe, as the Regulation establishing the Recovery and Resilience Facility provides that they must be completed by August 2026. The plan will foster economic growth and create jobs. It will lift Austria’s gross domestic product by 0.4% to 0.7% by 2026. This boost to the economy will bring up to 14,000 people into green jobs. https://ec.europa.eu/…/austrias-recovery-and-resilience- plan_en.
