9 billion euro anti-inflation plan

The Spanish government has adopted, following a week of tough negotiations, a direct aid plan amounting to nine billion euros to mitigate the economic impact of the war in Ukraine on the Spanish population, which is facing a spike in inflation.

This is the second plan announced by the government of Pedro Sanchez, following the six billion euro measures taken in March.

All of this direct aid would represent a total of 15 billion euros until the end of the year, or “more than one point of our country’s GDP”.

Thus, the government extended for an additional period of six months, until December 31, the measures adopted at the end of March for three months and whose application was to end on June 30.

These measures include a reduction of 20 centimes per liter in fuel prices.

The government has also decided on “direct aid of 200 euros” for the self-employed and the unemployed, as well as a further reduction in VAT on electricity from 10% to 5%.

The executive also decided on a 15% increase in pensions and disability pensions.

With MAP