Germany is planning about 130 million euros ($ 147 million) in support payments for affected households to deal with the sharp rise in heating costs, according to a construction ministry document seen by Reuters.
The document provides for a lump sum payment of 175 euros for a household of two people, with an additional 35 euros for each additional member of the household. One person’s households are entitled to 135 euros.
The payments are intended for the approximately 710,000 households that received the German support allowance for low-wage households from October 2021 to the end of March 2022, which will be particularly hard hit by the increase in bills as a result of record increases in gas prices in Europe in recent months.
Policy makers have said they are stepping up efforts to mitigate the blow to consumers.
.
Source From: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
