News Karnataka
Thursday, September 29 2022
Economy

French PM announces special inflation allowance

French-PM-announces-special-inflation-allowance
Photo Credit :

Paris: French PM Jean Castex has announced a special inflation allowance of 100 euros ($116) for people with a net monthly income of less than 2,000 euros .

Speaking on public television TF1, the French PM on Thursday night explained that, due to the high fuel price, his government decided to offer an inflation allowance of 100 euros for people whose net monthly income is lower than 2,000 euros across the country, reports Xinhua news agency.

According to him, 38 million people will be eligible for this special allowance which would be credited automatically.

Castex said this would cost the country 3.8 billion euros, adding that France could handle this spending without exceeding its 5 per cent target deficit for the year 2022.

He also announced locking gas prices throughout 2022 to deal with a record spike in energy prices.

France has seen rapid growth in energy prices in the past few months.

The diesel price reached 1.56 euros per litre on average and 1.62 euros for gasoline, both being record high prices.

Share this:
MANY DROPS MAKE AN OCEAN
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published.

Visit 7Jackpots and find the best online casinos in India! Play the most popular casino games for real money!

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

To get the latest news on WhatsApp