The First Vice President of the Government and Minister of Economic Affairs, Nadia Calviño, has asked the Second Vice President, Minister of Labor and Social Economy and candidate for the presidency for Sumar, Yolanda Díaz, to explain how she intends to finance her proposal to give 20,000 euros to young people who turn 18 to undertake or train.
Calviño has said in TVE statements that “whoever proposes measures that consist of giving subsidies, aid, like this, without any type of restriction, or level of income, or a specific objective, has to explain how they would finance it” to continue with a fiscal policy responsible.
The socialist minister has defended that the Government’s economic policy in recent years has focused on young people with measures such as the Recovery Plan and a use of European funds that “thinks a lot about young people so that they can have healthy cities, towns connected, professional training and a first level education and access to decent housing”.
According to Calviño, the Government of Pedro Sánchez has carried out a policy that works and that is helping families and companies in need while reducing debt and deficit.
Calviño also commented on Díaz’s proposal to reduce working hours, pointing out that there are more and more flexible working hours and recalling that the Government has already launched a pilot project to study the possibility of reducing working hours in the industrial field.
Regarding the PP’s proposal to lower personal income tax for those who earn less than 40,000 euros a year, he replied that the Government has greatly lowered taxes, such as VAT on basic foods.
“It cannot be that economic policy consists only of a promise of massive tax cuts, because that leaves a hole in public accounts,” warned Calviño, who has assured that this measure will later lead to cuts in the State of wellness.
