German Chancellor Olaf Scholz took place to overcome a press conference with party leaders -coalition parties regarding government assistance plans to overcome the soaring energy costs, on September 4, 2022 in the Chancellor in Berlin. Tobias Schwarz / AFP The German government on Sunday approved the plan of 65 billion euros ($ 65 billion) to ease the pressure on the household when the supply of Russian gas is reduced and energy bills soar, according to a policy paper seen by AFP.
“Timely and proportional assistance for citizens and business is needed because of the increasing burden of high energy prices,” said the German coalition partner in the document, adding that the total package came to “more than 65 billion euros”. These steps include one time 300 euros payments for millions of retirees to help them include an increase in energy bills.
The government will also target students with payment one time smaller than 200 Euros, and payment of heating costs for people who receive housing allowances. This announcement followed two previous assistance packages with a total of 30 billion euros, which included tax reduction on gasoline and popular subsidized public transportation tickets. Based on the agreement, the government swung 1.5 billion euros to work with the successor to nine euros monthly tickets in the local and regional transportation network, although the price is likely to be higher.
Berlin, over the years depending on Russian energy imports to meet their needs, has been very exposed to an increase in energy prices because the supply of Moscow is reduced. German inflation rose again to 7.9 percent in August, after falling for two months under the influence of government assistance steps. Take off in energy prices is expected to encourage inflation in Germany and the euro zone to around 10 percent at the end of the year, the highest level in decades. The latest government assistance package came two days after the Russian energy giant Gazprom said that he would not restart the delivery of gas through the Nord Stream 1 pipe on Saturday as planned after the three -day maintenance.
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