He is "skeptical" with a possible rent agreement

BARCELONA, 17 May. (EUROPA PRESS) -

Former Finance Minister Cristóbal Montoro has advocated a "selective" tax cut to help correct the reduction in purchasing power of the most vulnerable social sectors due to inflation.

He said it this Tuesday in statements to the press before a session of 'Dialogues for Development', organized by Active Management and sponsored by Cajamar, Mapfre and Oracle, together with the former deputy of Congress and partner and director of strategy of Harmon, Eduardo Madina.

Montoro has pointed out the need to "tax help" to improve the purchasing power of salaries below 40,000 euros gross per year, as well as pensions.

He has assured that "it is not necessary to lower taxes to stimulate demand" but that there is room in tax policy to correct the effects of inflation at a time when, as he has stressed, tax collection is at record highs.

Likewise, he has been "skeptical" about a possible income agreement, since he has pointed out that in Spain it has been tried on several occasions and has never been achieved.

It has been asked how an income pact can be made that means a moderation of profits, given a disparate situation in the different economic sectors.

Madina has pointed out that the current one is "one of the most complex moments" and has defined the decade as one of the most relevant in many years for Spain.

He has defended the role of the Government in the last two and a half years since "it has faced the most complex agenda that this country has had".