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Spain. The government imposes new taxes to combat the effects of high inflation

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The Spanish government has announced an anti-inflation program. The Prime Minister of Spain, Pedro Sanchez, during the meeting of the Congress of Deputies, the lower house of parliament, announced that it would be based mainly on new fiscal burdens for the banking sector and energy companies. The funds obtained in this way are to be allocated, inter alia, to supporting the use of public transport.

Sanchez specified that by the end of 2023, thanks to new taxes, the state budget will receive over EUR 7 billion of additional revenues.

The government announces new taxes

He explained that only from the so-called temporary, exceptional tax imposed in the years 2022-2023 on “the largest financial institutions”, receipts of EUR 3 billion are expected.

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An additional EUR 4 billion, Sanchez added, will come from the new tax on the so-called exceptional influence of large companies from the energy sector. The Prime Minister explained that these were companies supplying electricity, gas and liquid fuels.

Money for travelers and students

An important point of the government’s anti-inflation program will be the reimbursement to rail passengers of all costs of purchasing tickets for suburban trains and connections on medium-length routes. The return will be valid in the period September-December 2022.

During this period, students and students over the age of 16 who receive scholarships will also receive additional support from the government of € 100.

According to the newspaper “El Pais”, the prime minister Spain He also announced measures to save energy, including promotion remote workreducing the use of heating and air conditioning.

Pedro Sanchez PAP / EPA / JAVIER LIZON

Construction of several thousand apartments

In the near future as announced Pedro Sanchez, the program for the construction of 12 thousand. apartments in the Madrid agglomeration. 60 percent of them will be built as part of public construction.

The prime minister also announced that the government would create a state public health service center that would specialize in managing emergency medical situations.

Inflation in Spain

In June inflation consumption in Spain was 10 percent. year on year – the local statistical office reported. This is the highest price increase in 37 years. In May, inflation was 8.5 percent.

Main photo source: PAP / EPA / JAVIER LIZON

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