The President of the Government, Pedro Sánchez, is scheduled to appear this Friday before the press after an extraordinary Council of Ministers in which the comprehensive response plan to the consequences of the war in Iran will be addressed.
According to what has been advanced by the government spokesperson and Minister of Inclusion, Social Security and Migration, Elma Saiz, the package of measures "will be proportional, delimited and focused on limiting the impact of the rise in fuels and electricity".
The representative of the Executive has added that this plan will incorporate the necessary flexibility to go “adapting and adopting” the measures depending on how the conflict and its economic effects evolve.
The Government is rushing these days the concretization of the initiatives with which it intends to face the consequences of the war, after a round of contacts with the social agents, the sectors most hit by the crisis and the different political formations.
The Executive assures that it already has the "skeleton" of the package it wants to approve, articulated in four large blocks. The first one has a structural character and focuses on strengthening the commitment to renewable energies and electrification to reduce external dependence.
A second axis is oriented towards the reduction of energy and electricity cost through fiscal type measures. The third block seeks to cushion the impact of the increase in fuel prices, with special attention to the agricultural sector, fishing, and road transport. The fourth and last block is framed within the so-called social shield, which includes, among other issues, the impossibility of supply cuts for the most vulnerable groups.
In parallel, the Executive seems to rule out for now a reduction in food VAT. “We must currently be very focused on the impact we are seeing from the war and right now that impact is focused on the rise in fuel prices,” the Minister of Economy, Carlos Cuerpo, pointed out this week.