Calviño is committed to limiting fuel aid to specific groups

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The Government continues to study the convenience of extend the extraordinary measures approved to tackle the effects of the escalation of prices and which expire on December 31st. Among them is the bonus of 20 cents per liter of fuel. The First Vice President and Minister for Economic Affairs and Digital Transformation, Nadia Calviño, has joined the statements made these days by her Cabinet colleagues, Teresa Ribera and Raquel Sánchez, and is committed to limiting it “to the professional field or certain groups”.

In an interview with TVE, Calviño has indicated that “the most desirable” would be restrict this aid that has “a positive impact on inflation” but also a “very important” tax cost and that “does not discriminate between people with higher and lower income.” Calviño, who recalled that they are still evaluating how to extend the measures in force until December to alleviate the impact of the war in Ukraine, stressed that the objective should be to focus on the most vulnerable families or self-employed workers “but not on those who They don’t need it.”

Along the same lines, he explained that he is also studying the extension of the VAT reduction for electricity and gas and if it will be done for “the whole year or only a part of the year”. “These are measures that benefit the entire population but have a fiscal impact,” stressed Calviño, who stressed that the “flexibility” of the Government to adapt the measures to the situation has been key for them to work “successfully.”

Within the catalog of measures to alleviate the effects of the war that the Government is studying to extend, there is also a reduction in VAT on electricity and gas. Calviño has said in this regard that “it is being seen if it is extended, if it is extended to all of 2023 or only part of the year“, because it is a measure that benefits the entire population, but it also has an impact on tax collection.

“Between now and December we will finish deciding how to extend these measures, but adapting to the situation, because that is what guarantees that they are effective,” the vice president remarked. In relation to the economic prospects, Calviño recalled that the current moment is one of “great uncertainty” due to the war in Ukraine, the pandemic, the problems that persist in the supply chains, and has affirmed that peace is right now “it is the most important instrument of economic policy” in order to boost growth globally.

Measures to relieve the mortgaged without “undesirable effects”

The First Vice President trusts that the Government and the banks will be able to agree on measures that represent a relief for mortgaged families without later having “undesirable effects”. Otherwise, “as they say, we have made bread like cakes”, which is why Calviño advocates “technically” resolving the details of the measures with the sector and the Bank of Spain to achieve a battery of solutions that involve “effective relief” for families.

The first vice president has insisted that the Executive has given the sector this week a deadline to try to reach an agreement and has explained that They are evaluating different initiatives that allow mortgagees to pay a lower installment, “flatten the interest rate curve”, and soften that impact. As he commented this Tuesday after the Council of Ministers, “the sooner” there is an agreement, the better, and work is being done in two ways: expanding the Code of Good Practices to help the “most vulnerable” families and signing a protocol with measures for the middle classes.

Source: lainformacion.com

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