The Portuguese Government this Monday great social support package to help families combat rising inflation. A package worth it €2.4 billion and whose main beneficiaries are retirees. Prime Minister António Costa announced an extraordinary increase in the budget. 50% of all pensions in October, which will be added directly to the aid 125 euros For all people with a gross income of less than 2,700 euros per month, with an additional 50 euros for each child under 24 years of age. Costa announced that although the Portuguese government has approved long-term measures, these payments will be made in one way.
reduction is among these measures. VAT electric from 13% to 6% It will start next month and until the end of 2023. It’s a measure that should have been approved in the Assembly before, but would get enough votes thanks to the comfortable simple majority the Socialist Party had after the January elections. The legislature should also approve the increase in pensions. 3.53% and 4.43% Another of the proposals proposed by Costa in 2023. The Prime Minister added that these increases ensure the sustainability of Social Security and do not change the goals of reducing the deficit and public debt.
rental protection
The Portuguese Government also decided to limit the increase. rental fee 2% As of next year, it is far from the maximum allowed by law of 5.7%. The manager plans to compensate owners with deductions in income tax (IRS) and corporate tax (IRC) to avoid this limitation. Added to this measure are the prices of public transport tickets to be frozen from next year and renewed until the end of 2022. taxes on which fuels Discounts from 14 to 16 euros for every 50 euros refueled with petrol and diesel respectively.
Portugal was one of them. last european countries announcing a social assistance package to combat the effects of inflation. It’s something Costa has defended despite criticism. “This package of measures came when I said it was coming. I said we would approve it in September because it was very important to make sure we were in a position to return this amount, which is 2,400 million euros, to Turkey. Portuguese families put our debt and deficit reduction targets in jeopardy without putting this in place.
Source: Informacion
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