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, APA reports citing Reuters.
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.
Self-employed people on low incomes below 14,000 euros ($14,775) per year or who are unemployed will receive a one-off payment of 200 euros ($210). Prices for gas canisters, a common way to heat homes in Spain, will be fixed until 31 December.
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