These are the main measures of the shock plan

The Government has approved this morning the shock plan to combat inflation.

NewsEditor
NewsEditor
25 June 2022 Saturday 05:02
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These are the main measures of the shock plan

The Government has approved this morning the shock plan to combat inflation. These are the main measures of the royal decree law.

50% reduction in the price of public transport tickets. As of September 1, monthly passes for state public transport, such as that for Renfe trains, will cost half their current price. And public transport tickets managed by autonomous communities and municipalities will cost 30% less.

Future tax on electricity companies. As of next year, the Government intends to approve a tax that taxes the profits of electricity companies.

VAT on electricity at 5%. As the President of the Government, Pedro Sánchez, advanced this week, the VAT on electricity will be lowered from 10 to 5% until December 31 of this year.

Fuel price discount. The Government has decided to maintain the aid of 20 cents for each liter of gasoline or diesel until the end of 2022 without distinguishing the consumer's income level.

Direct aid of 200 euros. As of the month of July, unemployed people and self-employed workers will be able to request an aid of 200 euros if they prove a low-income situation.

15% increase in non-contributory pensions. The Executive has approved a 15% increase in non-contributory retirement and disability pensions valued at 60 euros per month.

Minimum vital income. The Government maintains the 15% increase in the minimum vital income until the end of the year for families in vulnerable situations. It also extends the cap on rent increases and the deferral of Social Security contributions by companies in the primary sector and gas-intensive industries.

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