The Finance Commission decided on Thursday to dissolve the federal Covid-19 financing agency. The initiative proposal was submitted by the coalition. The intention is that the tasks will be transferred to other functions from August 1.
This includes, for example, the financial administration and the state development bank AWS. Going forward, you will be responsible for processing Covid-19 funding applications and submitting unjustified claims. COFAG should complete these activities and, if possible, complete all outstanding funding applications by the end of July. Everything that remains unfinished should end up with the federal government and Finance Minister Magnus Brunner (ÖVP).
With the application, the government parties are responding to a ruling by the Constitutional Court last October (see video above). It ruled at the time that the transfer of administrative tasks to a GmbH was not objective and that companies were wrongly not legally entitled to it. financial help. However, according to a press release, the dissolution was planned before the recommendation.
68 institutions are allowed to have a say
68 institutions such as ministries, state governments and interest groups can now submit a statement on this until June 12. Approval of the new arrangement came on Thursday from, among others, the Chamber of Commerce and the Austrian Hotel Association. “Our consistent demands have finally been heard and we can now hopefully quickly put the consequences of the economic Long Covid behind us,” says Robert Seeber of the Austrian Chamber of Commerce.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
