Spain creates a basic minimum income for the poorest households

While the poverty rate in Spain is the highest among Western European countries, approximately 2.5 million people will be able to benefit from a guaranteed basic income for the poorest households. The new social assistance was approved on Friday by the Spanish government.

The Spanish government approved on Friday, May 29, in the Council of Ministers the establishment of a guaranteed minimum basic income for the poorest households.

This income has been set at € 462 per month per person living alone and up to € 1,015 for a family, says Pablo Iglesias, leader of the Left Podemos party and one of the government’s vice presidents. can be combined with low income.

With 21.6% of the population, the poverty rate in Spain is the highest among the countries of Western Europe, in the third region of the European Union. The purpose of Pedro Sanchez’s government is to bring it back to the European average level (16.9%), while an economic crisis is weathering as a result of the coronavirus pandemic.

About 850,000 households, or 2.5 million people, should benefit from this basic income, which will cost public finances about € 3 billion a year.

With Reuters