Montero estimates the savings of the gas VAT reduction at 190 million euros

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The Minister of Finance and Public Function, María Jesús Montero, has estimated this Thursday at around 190 million euros the savings that the reduction from 21 to 5 percent will mean for families and companies next quarter in the price of gas announced by the Prime Minister, Pedro Sánchez.

At a press conference in Mérida, after her meeting with the president of the Junta de Extremadura, María Jesús Montero defended that the Government will continue to accompany families and companies with “appropriate measures at the right times” and added that everything points to because winter will start with gas at high prices.

In this sense, he pointed out that the reduction in VAT on gas will have a lower impact than on electricity, since by next December the Government will have saved more than 10,000 million euros for families and businesses.

Montero has defended that these “selective tax reductions” must be progressively adapted and show that the Government has “ability to react”.

He has insisted that “global” tax reductions “are contraindicated”, which, in his opinion, “would be bad to be able to continue giving aid to the transport sector or the 200 euros that people with personal income tax of less than 14,000 euros are requesting” .

As for the criticism received by the PP to the announcement of VAT reduction on gas, it has been asked if the PP thinks that the Government of Spain is assuming its proposals “why does it vote against it in Congress?”

“It cannot be said that they are assuming their proposals and at the same time criticizing the government’s proposals, one thing or the other,” said Montero, who has accused the PP of making a “denier and obstructionist” opposition.

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On whether, after France’s announcement of increasing the fuel bonus to 30 cents a liter, the minister said that in Spain there is no variation to the existing 20 cents, but she welcomed the fact that Europe is addressing the energy issue as one of the main issues.

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