HomeEconomyFactbox - Government measures to ease the pain of inflation Economy Factbox – Government measures to ease the pain of inflation By farahat September 27, 2022 0 134 views Share FacebookTwitterPinterestWhatsApp EDF +0.% Add to/Remove from Watchlist Add to watch list Add Location Job added success: Please name your portfolio type : purchase Sell date: quantity: PR Ice Point value: Leverage: 1:1 1: 1: 1: 14 1: 301: 931: 77 1: 85 1: 93 Committee: 9399 3684 9256 CREATE NEW WATCH LIST CREATE 9399 500 1000 create a new holding portfolio add create 71170376 + Add another position to close (Reuters) – Pandemic-related disruptions to global supply chains and cascading Russian war in Ukraine The reaction has collectively boosted the growth of global supply chains in the prices of energy, commodities and basic necessities. Here is a list of some of the actions the government has taken to provide relief to hard-hit consumers and companies: America: US President Joe Biden urged to run gas stations , banking and cell phone service companies to lower costs for consumers. In August, the government provided debt relief for former students and announced $200 Billion Reducing Inflation Act. Mexico’s president said he had reached an agreement with companies to maintain prices on basic food items. Brazilian oil giant Petrobras has cut fuel prices several times this year. In July, the government cut fuel taxes and raised welfare payments. Canada September announced a C $4.5 billion ($3. 11 ten billion) relief program. Chile announced a $1.2 billion aid package in July. Europe: EU plans to raise more than 25 Billion Euros ($25.25 Billion) through from low cost generators Squeeze revenue and build fossil fuel companies to ease inflation and share windfall profits. France is fully nationalizing the power group EDF (EPA: 400EDF). It will also limit increases in household electricity and gas prices % Another one in August next year – billion euro relief bill. Denmark September Agree to the package worth 5. Billion DKK ($93.11 million), adding to the previous measures. The UK will cap wholesale electricity and gas costs for businesses to less than half the market price. In September, it announced a program to help families. Germany agrees to nationalize gas importer Uniper. In early September, the government announced 25 – a billion euro package for consumers and businesses. Greece will pay households and businesses an additional €1.1 billion in electricity subsidies in October. Hungary extends price caps for fuel and basic food until year-end. Norway agrees to spend NOK 3 billion ($52.10 million) to help businesses. It also helps households pay their electricity bills. Italy September Approved one worth some billion euros. Poland will cost more than 07 ten 100 million zloty ($6. Billion) Freeze Electricity Rates and Support company. It will also raise the minimum wage twice next year. The Czech Republic will cap electricity and gas prices next year. Portugal cuts VAT on electricity and provides lump sum payments for workers, families and pensioners. Spain changes the gas VAT from down to 5% % from October. Croatia will cap electricity prices from October 1st to March. Finland and Sweden will provide liquidity guarantees to power companies. Asia: China The fourth batch of pork reserves will be released this month to cool prices for a week. Vietnam plans to cut special excise and value-added tax on fuel. Thailand September extended diesel tax cuts and energy subsidies and raised the minimum wage. India restricted rice exports on September 8. It has also set up a panel to review the pricing of locally produced natural gas. Japan to roll out another package in October adding record minimum wage hikes and $50 billion-dollar relief bill announced in April. Indonesian Government September ordered regional chiefs to keep food inflation below 5%. Malaysia expects record spending 11.3 billion ringgit ($.14 billion) in aid this year. Africa & Middle East: Government of Tunisia September signed an agreement with a major union to increase public sector wages and minimum wage. August Egypt 07 announced a package to clear backlogs in ports and ports. Help reduce commodity prices. In July, South Africa announced a reduction in the pump price of fuel. Botswana will reduce VAT by 2% for 6 months in July. Turkey raised minimum wage in July by approx. %,add to13% growth see end of last year. Saudi Arabia and the United Arab Emirates raised social welfare spending in July. ($1=1.279 Canadian dollar) ($1=1.77 EUR) ($1=7.100 Denmark Krone) ($1=0.200 lb) ($1=.0376 NOK) ($1=4.654 Zloty) ($1=4.134 Ringgit) 400 Share FacebookTwitterPinterestWhatsApp Previous articlePam Grier, Deborah Ayorinde, Luke James Coming to Amazon's “Them” Season 2 (Exclusive)Next articleBrazilian inflation extends downward trend in mid-September as fuel prices fall farahat RELATED ARTICLES Economy H&M profits impress despite September sales slowdown September 27, 2023 Economy German firms less willing to hire amid lacklustre economy -Ifo September 27, 2023 Economy German consumer sentiment unlikely to recover this year -GfK September 27, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. 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