Market: Main measures to support the government’s purchasing power


PARIS (Reuters) – Here are the main measures intended to support the purchasing power of the French people included in the bill on emergency measures for the protection of purchasing power and in the amending finance bill for 2022, presented this Thursday in the Council of Ministers.

* REVALORIZATION OF SOCIAL BENEFITS

Early revaluation of 4%, retroactive to July 1, of various social benefits and social minima: retirement pensions, family allowances, allowance for disabled adults (AAH), solidarity allowance for the elderly (Aspa), active solidarity income (RSA) ) or even an activity bonus.

* CIVIL SERVICE INDEX POINT THAW

Revaluation of 3.5% of the index point which serves as the basis for calculating the remuneration of civil servants.

Recorded in a decree presented at the Council of Ministers, this measure announced last week will represent a cost of around 7.5 billion euros in a full year.

* AID FOR RISING ENERGY PRICES

– Extension of the energy tariff shield until the end of the year.

– Extension until the end of September of the discount of 18 cents per liter of fuel, which was supposed to end on July 31, before a gradual reduction for an extinction on December 1.

– Implementation on October 1 of a “fuel allowance for workers”, more targeted aid to low-income households, from 100 to 300 euros per vehicle and per worker, which must be requested online.

* EXCEPTIONAL BACK-TO-SCHOOL AID FOR LOWEST HOUSEHOLDS AND STUDENTS

Payment in September of aid of 100 euros per modest household, with an additional 50 euros per dependent child.

This aid will be automatically paid to recipients of social minima, housing aid and scholarship students.

* REVALORIZATION OF SCHOLARSHIPS ON SOCIAL CRITERIA

4% increase in scholarships based on social criteria at the start of the school year.

* REMOVAL OF CONTRIBUTION TO PUBLIC AUDIOVISUAL

Abolition from 2022 of the “audiovisual royalty”.

* CAP ON THE INCREASE IN RENTS

Supervision of rent increases to a maximum of 3.5%, between October 2022 and October 2023.

* INCENTIVE PAYMENT OR PROFIT-SHARING

Increase to 6,000 euros per year and per employee (compared to 2,000 currently) of the ceiling below which the “value sharing premium” paid by the employer is exempt from employee and employer social security contributions, for companies that have signed an agreement to profit-sharing or participation.

For other companies, the exemption ceiling for this bonus – known as the “Macron bonus” – will increase from 1,000 to 3,000 euros.

(Written by Myriam Rivet, edited by Tangi Salaün)

Copyright © 2022 Thomson Reuters



Source link -84