The spans will reduce to minimize the high reduction of workers in Portugal125
With the aim of increasing the purchasing power of the population in Portugal, those who earn a monthly salary of up to 2,700 euros will receive financial aid of 125 euros. Payment will be made in a single installment in October. The measure was announced by the government on Monday night (5) and a package launched to combat the share of compensation in the country, which reaches 9%.
According to the Prime Minister of Portugal, António Costa, the amount will be paid individually. With this, all people registered with Social Security, are the Portuguese or brutes who receive a value of up to 2.7 thousand euros for the right to receive the aid. Pairs will benefit from the double amount, with both payments being delivered per person.
Families with children, regardless of the salary received per month, will have an extra benefit. 50 euros will be paid per person under the age of 24 who is a dependent. The government still does not detail how the request of the beneficiaries of the aid will be carried out.
The package also provides support for retirees. Employees and pensioners pay a payment equivalent to 50% of the amount they receive monthly along with the down payment. Benefits paid in Portugal start at 278 euros and go up to 402 euros.
With regard to the increase in energy, the prime minister explained that the government prefers to wait for the meeting at the European Commission, scheduled for Friday (9), before taking further decisions. For now, the proposal is to reduce the electricity tax to 6%. However, the measure needs to pass the approval of the Assembly of the Republic.
The government will also allow people to switch, free of charge, from the private energy market to the so-called regulated market, where rates of increase are fixed. According to António Costa, if a family with two children makes the change in the market, they can save up to 10% on their gas bill.
Blocking without increasing rents
As of January 2023, the government cap limits the increase in rents to up to 2%. In tax, public management will benefit property owners with a reduction in income. The values, however, have not yet been disclosed. The initiative must go through the Assembly of the Republic.
Another measure for the Parliament is the freezing of public transport, through a decree-law, which is not known as the sanction of Parliament.
Europe stock package
Like Portugal, other European governments are already announcing packages of anti-inflation measures. In Germany, Chancellor Olaf Scholz announced the investment of 65 billion euros in aid for the population this Sunday (4).
In Austria, new social support was created for families, while in France the value for families with children in school was readjusted, in addition to an increase in food discounts. The Spanish government has already confirmed, this Monday (5), that it will approve, in the Council of Ministers this Tuesday (6), new measures to combat the increase in inflation.
Since the beginning of the year, a Eurozone faces prices in consumer price index, which directly affects the population’s pocket. O European Central Bank has already raised interest rates, with the prospect of a further increase in September. The goal is to reduce inflation by 2% over the next two years. The rate is the highest since 1997, when records began. The main European currency is also working the market and is almost on par with the dollar.