Portugal approves $918 million pension bonus, tax cuts package
30 Articles
30 Articles
Portugal Approves Extra Pension, Tax Cuts to Ease Living Costs
Portugal’s government has approved an additional pension payment for more than two million retirees alongside a plan to reduce personal income tax rates in a bid to ease pressure on households struggling with rising costs of living.
Through pension supplements and income tax cuts, Lisbon provides 800 million aid to protect "the middle classes" from pump prices.
Portugal approves $918 million pension bonus, tax cuts package
Portugal's government has approved a one-off pension supplement for more than two million pensioners and personal income tax cuts, retroactive to January, to help ease living-cost pressures in a package costing €800 million ($918 million).
Since he came to power, every year Luís Montenegro passes a cheque to the pensioners. The next one will take place in December, in similar ways to the previous years, the Prime Minister has detailed. Official confirmation on the values of the cheque to the pensioners was the only detail that detailed from a speech in his official residence
Luís Montenegro warns that the war in the Middle East is penalizing the entire world economy. Still, the Minister of Education will be heard in the AR about the flaws in the digital correction of exams.
The Council of Ministers meets this Wednesday in Bragança, with the reduction of the IRS to the sixth step between the measures to be taken after it was announced yesterday by the Prime Minister, Luis Montenegro.
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