Government to expand measures of war response plan to reduce inflation

Industry, Trade and Tourism Minister Reyes Maroto said on Monday. The government will soon decide on the extension of the measures approved in the national response plan in the face of the economic and social consequences. The war in Ukraine to control inflation.

Speaking to the media before the opening of the ‘Improvement Plan and SMEs’ conference, the minister stated that the Government is analyzing the effectiveness of these measures to make the best decisions.

In this sense, it will soon take the decision to extend the measures already approved in the response plan to war, tax breaks, such as tax breaks VAT from 21% to 10% of electricity or electricity tax.

“We continue to work on measures to curb prices, particularly energy prices and raw materials, where the problem lies,” he said after learning about the advanced CPI data, which set May inflation at 8.7%.

The Minister emphasized that the Government is concerned about this situation and has already taken and will continue to take measures to control the increase in prices. minimizing the impact on family income and the competitiveness of companies.

He added this week that the “significant measure” will be mandated to limit the price of gas in the wholesale market, which he hopes will benefit consumers and companies, particularly industrial companies, in ways that affect the price drop.

Source: Informacion

Popular

More from author

Journalists who wrote Putin’s biography in Germany were expelled from their union 15:43

German journalist Hubert Seipel was expelled from the journalists' union for receiving money from Russia. He writes about this Frankfurter Allgemeine Zeitung. "The association of...

New strike risks rise in England 16:39

The country's Chancellor of the Exchequer, Rachel Reeves, said a new wave of strikes could begin in the UK if nurses and teachers' wages...

Missing former head of the Nizhny Novgorod regional court found dead, wife alive 16:48

Former chairman of the Nizhny Novgorod regional court Valery Vorobyov and his wife Evgenia, who disappeared in the forest, were found a few days...

An explosion occurred in a residential building in the DPR at 17:00

An explosion occurred in a residential building in Makeev in the Donetsk People's Republic. This was reported by the First Deputy Council of the...