Calvino is committed to limiting fuel subsidies to certain groups
The government is studying the convenience of Extend the extraordinary measures granted To counter the effects of price hikes expiring on 31st December. Among them is a bonus of 20 cents per liter of fuel. First Vice-President and Minister of Economic Affairs and Digital Transformation, Nadia Calvino, today joined the statements made by her cabinet colleagues, Teresa Ribera and Raquel Sánchez, and committed to limiting it to “professional sectors or specific groups”.
In an interview with TVE, Calviño indicated that would be “most desirable”. Limit aid to “positive inflationary effects”. But a “very important” tax expenditure and it “does not discriminate between high and low income people.” They are still evaluating how to extend the measures in place until December to mitigate the impact of the war in Ukraine, Calvino said, stressing that the goal should be focused on the most vulnerable families or self-employed workers “but not. Those who don’t need it.”
Along the same lines, he explained that he is too Studying the extension of VAT deduction for electricity and gas And if it will be done “for the whole year or part of the year”. “These are measures that benefit the entire population but also have an economic impact,” emphasized Calvino, who emphasized that the government’s “flexibility” to adapt to the situation is key for them to operate “successfully.”
Among the catalog of measures to mitigate the effects of the war the government is studying to expand, VAT on electricity and gas has also been cut. Calvino says in this context that “it is seen If it is extended, if it is extended for the whole of 2023 or part of the year“, because it is a measure that benefits the entire population, but it also affects tax collection.
“Between now and December we will finish deciding how to scale up these measures, but adapting to the situation, as it is guaranteed to be effective,” the Vice President commented. In relation to the economic prospects, Calvino recalled that the current moment is “great uncertainty” due to the war in Ukraine, the pandemic, persistent problems in the supply chain, and he confirmed that peace is now “the most important tool of economic policy to promote growth globally”.
Remedies to release mortgagees “without adverse consequences”.
The first vice president believes that the government and the banks can agree on measures that a Relief to mortgage households without “unintended consequences” later. Otherwise, “as they say, we have made bread like a cake”, which is why Calvino advises to “technically” resolve the details of the measures to achieve a battery of measures that include “effective relief” with the sector and the Bank of Spain. families
The First Vice President has insisted that the executive has given the sector this week a deadline to try to reach an agreement, explaining that They are evaluating different initiatives that allow mortgage borrowers to pay lower installments, “flatten the interest rate curve”, and soften that effect. As he commented on Tuesday after the ministerial conference, “the sooner” the agreement is reached, the better, and the work is being done in two ways: expanding the Code of Good Conduct to help the “most vulnerable” families and signing the protocol. With solutions for the middle class.
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