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Spain approves $9.5 billion aid package for families

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Spain announced a 9 billion euro ($9.50 billion) package of measures on Saturday to help its most vulnerable households cope with soaring energy prices and inflation, including subsidies for transport and a 80% reduction in energy bill taxes.

Axar.az reports that the announcement of the measures came after the government agreed the package of 5.5 billion euros ($5.80 billion) in spending for families and 3.6 billion euros ($3.80 billion) in tax cuts in an extraordinary cabinet meeting.

Pensions will be raised by 15% for the most vulnerable on retirement, including widows and the disabled, representing a 60 euro ($63) monthly increase.

From September, a 50% reduction will be introduced for those who already receive subsidised travel on national state rail or bus services plus a 30% cut for those using regional services.

Date
2022.06.25 / 21:35
Author
Axar.az
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