Especially people with a small budget are helped. For example, both the minimum wage and benefits will increase by an unprecedented percentage of 10 percent from 2023. The fuel tax reduction will be extended until at least 1 July 2023 and the energy surcharge for lower incomes will also be continued. In addition, new measures have been taken: the health care benefit and housing benefit will go up and the income tax in the first bracket will be reduced.
Tax relief is largely paid for by companies and the wealthy. They will pay more tax from next year. To achieve this, the profit tax and mining levy for energy companies will be increased.
The coalition parties arrived at this extensive purchasing power package after a marathon meeting last night, sources around the cabinet confirm de Volkskrant. The plans are only formally presented on Prinsjesdag. But the information that is now leaking from the newly concluded agreement is partly intended to reassure the population. Earlier Wednesday morning, CBS reported a new inflation rate of nearly 14 percent. More and more households are finding it difficult to provide for their livelihood.
More later.
