The president of the Regional Government of Madeira said this Wednesday that he is considering taking complementary measures to those announced by the Government of the Republic to mitigate the effects of inflation, such as the reduction of the IRS and the expansion of support for scholarships.
We have room” to implement complementary measures to those announced this Monday by the Government of the Republic, Miguel Albuquerque told journalists on the sidelines of a visit he made to a company in the automotive sector.
The head of the Madeiran executive (PSD/CDS) pointed out that one of the objectives under analysis is to “expand the number of grants for scholarships” and “eventually support for nurseries”.
“The biggest investment we are making is in education and higher education for our young people. I think we have some room to expand scholarships for higher education,” she stressed.
The insular official added that “it is also possible, next year, to make a reduction in the IRS, especially in levels 3 and 4” in this archipelago.
That is a perspective that I am analyzing with the regional secretary of Finance” of Madeira, he said.
However, Miguel Albuquerque argued that, although the Regional Government still has room to implement complementary measures, many “are already implemented”, giving as an example the support for social passes (8ME), the complement for the elderly (4ME), nurseries (4ME), in addition to support for bottled gas, among others.
The president of the insular government once again defended that a possible “reduction in VAT must be calculated well”, opining that “it does not have a direct impact on the consumer” and many times that reduction “is absorbed by the chain”.
He recalled that in this region about 60 products already have reduced VAT, considering that this tax “does not take into account the income of each one.”
“I am much more in favor of reducing the so-called progressive tax than the indirect tax,” he said.
Albuquerque emphasized that “the 1% VAT reduction in Madeira alone means 24.5% in the region’s income”, underlining: “I have to manage the budget balance, because we need income to cover the expenses we have with health , education, etc .
Source: Observadora
