the government announces 10 billion euros of new anti-inflation measures

the government announces 10 billion euros of new anti inflation measures

For Christmas, Socialist Prime Minister Pedro Sanchez offered Spaniards a third package of anti-crisis measures, worth 10.6 billion euros. A sum that must be added to the 35 billion euros already spent since March 2021, i.e. a total of 45 billion euros disbursed.

With our correspondent in Madrid, Francois Musseau

Pedro Sanchez boasts of being the European economy which, thanks to this aid, has resisted the best to inflation and high fuel prices. The Spanish Prime Minister declared on Tuesday, December 27 released a new package of anti-inflation aid to the tune of 10.6 billion euros. The right-wing opposition therefore did not resist the temptation to describe the head of the socialist government as ” Santa making his Christmas gifts “.

While officially a third of Spaniards have great difficulty making ends meet and paying bills, this state money comes at the right time to lessen the suffering. With regard to basic foodstuffs, the VAT must be reduced from 4 to 0%. As for products such as oil or pasta, this tax will drop from 10 to 5%.

Promises to contain gas prices

The government has also announced that it will maintain the cap on the price of gas and electricity, a measure intended to allow the Spaniards to suffer less from the explosion in fuel prices than their European neighbours. In addition, 950 million euros will be released to avoid the bankruptcy of companies that use gas a lot.

Finally, a request supported by “ Unidas Podemos », electoral coalition of left-wing parties: rents cannot increase by more than 2% in 2023 and the ban on evicting families in need will be maintained until the end of 2023. A generosity on which the socialists in power hope to capitalize well in the spring 2023 municipal elections.

► To read also: Spain releases 3 billion to help low-income households in the face of the energy crisis

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