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HomeEconomyNetherlands to spend $16 billion to ease inflation impact: media

Netherlands to spend $16 billion to ease inflation impact: media

AMSTERDAM (Reuters) – The Dutch government plans to spend around 16 billion euros ($15 ).97 1 billion) next year, Dutch media reported on Wednesday, in an effort to help people pay skyrocketing energy and food bills.

Higher spending will be largely paid for by higher wealth and corporate taxes, as well as a special tax on oil and gas companies whose profits have soared during the energy crisis, broadcaster RTL said, citing government sources. .

Prime Minister Mark Rutte said earlier on Wednesday his government’s coalition had reached an agreement on how to deal with record-high inflation, in talks that continued into the night.

He declined to comment on the details of the plan, which will be in line with RTL, said the government’s 2023 September budget 16.

The measure will primarily benefit low-income groups through a 10% increase in the minimum wage and higher Income-related medical benefits and rent.

The highest tax rate on income is 37, 10 The annual euro will be reduced, while the energy and fuel tax cuts introduced this year have been extended to 2023.

The inflation rate of EU member states reached 13.6% in August, since 1996 is the highest level since the introduction of measurements based on European consumer price standards.

($1 = 1.0017 EUR)



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