Anti-crisis measures: a success in Spain
Anti-crisis measures: a success in Spain.
Support for the weakest that contains inflation by fighting poverty and boosting economic growth. Elimination of VAT on food goods.
Sometimes emergency maneuvers are needed to support the weakest sections of the population. Spain has announced the zeroing of VAT on primary foodstuffs. A way to counter the large increase in prices. A second extraordinary aid of 200 euros will instead be available for the poorest families. A maneuver that will cost about 10 billion euros to the Spanish coffers. A total of 45 billion euros that Madrid will use to support citizens in the face of growing inflation.
In fact, food products have reported a skyrocketing increase. In November, the growth of foodstuffs, subject to the zeroing of VAT, was 15.3%, on an annual basis. For less well-off families with total incomes below 27 thousand euros per year, there will be a one-off payment of 200 euros. Spain has decided to limit the discount of 20 cents per liter for motorists on the purchase of fuel. The bonus will remain in force from 1 January for transporters, farmers, shipping companies and fishermen.
Other aids are tax cuts, low-interest loans, rail travel aids and rent caps. In addition, an agreement was negotiated between Spain and the EU to limit the price of gas for electricity. Citizenship income in Spain is called the minimum vital income. This income will reach 650,000 households by the end of 2023.