Spain: Sánchez announces an anti-inflation plan of 9 billion

(ANSA) – MADRID, June 25 – Spanish Prime Minister Pedro Sánchez has announced a new package of anti-inflation measures that will involve “an extraordinary effort for the state” of nine billion euros.

In addition to the extension of measures already in force and which will expire on June 30, the prime minister has indicated as a novelty a “50%” discount on public transport passes managed by the state – such as trains – 200 euro bonus for unemployed people “and other vulnerable collectives” and the preparation of a tax on the “extraordinary profits” of energy companies, following the example of what has been done in other countries.

Sánchez also confirmed the reduction in VAT on electricity from 10% to 5%. Among the measures already in force there is instead a discount of 20 euro cents per liter on fuel. (HANDLE).

Source: Ansa

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