A 2022 State Budget Bill presents various measures with an economic and social impact. Among the main proposals, the following stand out:

1. IRSIntroduction of a breakdown of personal income tax brackets, resulting in a reduction in the tax burden for lower and middle-income taxpayers. The minimum subsistence level will also be increased, easing the tax burden on lower-income families.

2. National Minimum WageThe national minimum wage will be increased to 705 euros, continuing the policy of progressively increasing the income of the lowest paid workers.

3. Pensions: The government is proposing an extraordinary increase in the lowest pensions, ensuring that pensions up to 1,097 euros will see an increase in value.

4. VATMaintaining the reduced VAT rate for some essential products and reinforcing tax incentives for the energy transition, namely with VAT benefits for renewable energy equipment.

5. Recovery Support: Support is planned for the companies and sectors most affected by the pandemic, through the extension of certain measures, such as credit lines and direct cash assistance.

6. Education and Health: The budget provides for a significant increase in public investment in health and education, in particular by hiring more health professionals and teachers.

7. HousingCreation of support programmes for renting and buying housing, with a focus on young people and families on lower incomes.

These measures reflect an effort to promote economic recovery e strengthening the welfare statein a post-pandemic context, with a focus on social justice and improving living conditions.