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HomeLatest NewsThe Government defines itself on the price of food and fuel aid

The Government defines itself on the price of food and fuel aid

Date: June 18, 2024 Time: 01:33:43

It is expected that the Council of Ministers will give the green light this Tuesday, December 27, to a new battery of anti-crisis measures to alleviate the effects of the war in Ukraine. It is expected that specific initiatives will be published to deal with the price of food, but it is feared that others, such as the 20-cent discount for gasoline or diesel, will no longer apply to all consumers, as some have already suggested. ministries.

It is expected that it will be Pedro Sánchez himself, President of the Government, who will transfer the horrible measures and appear to take stock of a year that has been characterized by the war in Ukraine, which has caused historically high inflation in Spain and throughout the European Union. The Government’s intention within this new aid package would be, according to EP, to program part of the measures underway and that will end on December 31 and to launch other specific ones, related to the increase in purchase prices. Greece, for example, has been one of the countries that has already launched specific initiatives to limit the rise in prices in the supermarket.

In addition, Pedro Sánchez himself announced that support for the gas-intensive and ceramic industry was also maintained within the package of measures.

The food VAT option

One of the new initiatives that could be approved on Tuesday is the VAT reduction for certain products in the shopping basket, with the aim of cushioning the impact of rising inflation, modifying some of the approaches that have been launched up to the moment In this sense, the vice presidency led by Yolanda Díaz will have put on the table proposals such as limiting the price of a basket of basic super products, even taxing large stores to offset the rise in cost.

However, according to sources cited by Europa Press, the fish, and that it could drop to 4%.

However, some of the most basic products and which are also among those that have risen the most, such as milk, eggs, fruits and vegetables, bread or legumes, are already taxed with a super-reduced rate. The only alternative in this case would be to abolish the tax; No reduction.

In addition to the VAT reduction, the leader of Podemos, Ione Belarra, announced that an aid check is being negotiated to alleviate the cost of the shopping cart.

Extension of previous measures

Although the Executive has not contemplated almost any extension measures in the General State Budgets (PGE) of 2023, some of those that are in force could be stabilized. Yes, it is contemplated to continue maintaining the free Cercanías and Media Distancia tickets for 2023, with a cost of 660 million, but it is up in the air if the discount of 20 cents for all users in the case of gasoline and the diesel.

For the moment, and following the indications of Europe, which is trying to ensure that the support measures are maintained only for the vulnerable, it seems unlikely that this aid will continue as it is currently enjoyed, but that it will be more focused on sectors especially affected by the rise in fuel prices. It also remains to be seen whether the tax reductions on electricity or the increase in the Minimum Vital Income are maintained.

Among the measures that have already been confirmed to be extended, the 2% limit for updating rental income and the 15% increase in non-contributory pensions stand out, after the Government’s agreement with EH Bildu to achieve their support for the General State Budget (PGE) of 2023.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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