France to pay 38m citizens €100 each to help counter fuel surge

The Government of France has set forth a one-off payment of €100 (£84; $116) for every citizen whose monthly salary is €2,000 or less, to help counter the surge in fuel and energy prices.

The “inflation allowance” will go to about 38 million deserving French citizens automatically, including those who do not drive or ride any vehicle. The payments will first reach business employees in the end December. Civil servants, students and pensioners will receive their share in early 2022.

The €100 payment will be tax-free and Prime Minister, Jean Castex stated that it will cost the government €3.8bn (£3.2bn; $4.4bn). That would be far less than the cost of cutting fuel duty, he said. Europe is facing widespread dissatisfaction after world energy price hike, which is largely a result of the gigantic demand from businesses now recovering from the long Covid immobility.

The energy market turbulence has had a knock-on effect, destroying supply chains and causing shortages of fuel and other consumer goods.

Stay tuned to Baaghi TV for latest news and updates!

Facebook Notice for EU! You need to login to view and post FB Comments!