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 chief executive of Madeira (PSD/CDS) pointed out that one of the objectives under analysis is “increase the number of supports for scholarships” and “eventually support for daycare centers”.
“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 discussing with the regional finance secretary” of Madeira, he said.
However, Miguel Albuquerque argued that, although the regional government still has room to implement complementary measures, many “are already in place”, giving as an example the support for social bonds (8 million euros), the complement for the elderly (4 million euros), nurseries (4 million euros), as well as support for bottled gas, among others.
The president of the insular government once again defended that a possible “VAT reduction must be well calculated”Opining that “it has no direct impact on the consumer” and many times that drop “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 .
The Government of António Costa announced this Monday a package of measures to support family income, worth 2,400 million euros, with a view to mitigating the effects of inflation and the increase in energy costs.
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Source: Observadora
