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Next Previous These are the new government measures for accuracy HOME • INSIDER • CYPRUS • These are the new government measures for accuracy
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At a total cost of € 103 million, the government on Friday announced a new package of financial assistance to society that has been hit hard by inflation and war in Ukraine. The support package, which is to be added to the previous support package for the consequences of the Pandemic amounting to 192 million euros, was decided today at the Council of Ministers.
In statements after the Ministerial meeting, The Minister of Finance Konstantinos Petridis said that after the Pandemic our country has entered a period of inflation that is primarily due to external factors and the war in Ukraine.
He noted that no government can kill inflation at its root as rising liquidity in the market may give rise to inflationary pressures by feeding back a vicious cycle of inflation.
He said that in a sensible and careful way the Government will try to help those in need in a costed way, which will not disturb fiscal stability. He noted that we are also entering an era in which interest rates will rise, which includes an increase in the cost of borrowing and debt service by the state itself.
Mr. Petridis said that the measures to address the consequences Pandemias received by the Government have been estimated at 192 million euros, while today the Ministry, after consultation, decided to take another 11 measures to support especially vulnerable groups. The measures, he said, are divided into five sections.
The first measure concerns the support of pensioners, he said and announced that from July the pensions of 165 thousand beneficiaries will increase by an average of 4.3% with the cost of adjustment being around 34 million & nbsp; euros.
The second section concerns the support of vulnerable population groups and will provide one-time targeted support. In detail, as he said, in the first category, which concerns 6,639 households that have dependent children under 18 years of age and have an annual gross income of up to 10 thousand euros last year, a lump sum of 150 euros will be paid for each child under 18 years of age. >
The second category concerns 13,008 households with dependent children and annual gross income from 10 thousand euros to 19.5 thousand. These families will be paid a lump sum of 120 euros for each minor child.
In the third category, which concerns 1,804 households with incomes from 19.5 thousand to 29 thousand euros with three or more children. These families will be paid a lump sum of 100 euros for the third and each additional child under the age of 18.
The fourth category, said the Minister of Finance, concerns 1,587 households with income criteria from 29 to 39 thousand euros, with three or more children, to whom will be paid a lump sum of 80 euros for the third and each additional child up to 18 years.
In the 5th category, which concerns 1,037 households with income criteria from 39 to 49 thousand euros annual gross income, with three or more children, to whom will be paid a lump sum of 60 & nbsp; euros for the third and for each additional child up to 18 years. The above categories will benefit approximately 24,075 families and 45,883 children. These households will be paid a lump sum of 100 euros for each beneficiary, 50 for the beneficiary's spouse and 25 for each beneficiary's child. In this category, as he said, fall 18 thousand households or 23 thousand people.
Mr. Petridis then referred to the 3rd support measure, which has to do with the immediate announcement of a subsidy plan for care services for children up to 4 years old, for a subsidy for tuition fees in kindergartens. The measure will support 16 thousand beneficiaries with a monthly amount of allowance that will cover 80% of tuition and feeding with a subsidy of 100 to 300 euros per month for each child based on criteria. The measure will start in September 2022.
The fourth series of targeted measures concerns electricity, said the Minister, counting as the first the extension of horizontal and targeted measures to reduce VAT until August 31. 2022.
The 5th measure concerns the increase of the subsidy of the beneficiaries of the photovoltaic installation and thermal insulation installation plan, with an increase of the subsidy to the beneficiaries from 750 to 1,000 euros per installed kilowatt and for household consumers from 250 euros to 375 per kilowatt.
The 6th measure is the expansion of the list of vulnerable energy consumers who will be entitled to increased subsidy from RES sponsorship schemes and the “save and upgrade” program of the Ministry of Commerce. To this list will be added 19.5 thousand families with a gross income below 19000 thousand euros.
Mr. Petridis said that the 7th measure concerns the increase from 90 to 100% of the possibility of covering the annual consumption of electricity for own consumption of the electricity produced by the photovoltaic system for both household consumers and businesses. >
The 8th measure concerns the acceleration and simplification of the licensing procedures for the installation of RES systems and through an order of the Ministry of the Interior, a building permit will not be required for the installation of a photovoltaic system in cases where there is already a planning permit.
The 9th measure that falls in the 4th sector, concerns the fuels, and as YPOIK said, the measure of the consumption tax of motor fuel and heating is extended until August 31, 2022.
Mr. Petridis then said that The 5th area of measures concerns agriculture and livestock. Specifically, he said, the 10 measure concerns the support of producer groups and organizations to cover part of their operating expenses. The 11th measure concerns additional support to agriculture and livestock sectors in order to cover part of the price increases due to inflation.
About 5.5 thousand farmers and stockbreeders are expected to benefit from the last 2 measures with an additional The total cost of the latest support package for the society amounts to 103 million euros, in addition to the 192 million euros that have already been given, said the Minister of Finance.
Finally, he said that issues with a longer-term focus were also discussed at the Ministry, such as the intensification of inspections to combat filthy profiteering.
