Spain set to introduce permanent basic income scheme to rebuild economy post-coronavirus

Spain set to introduce permanent basic income scheme to rebuild economy post-coronavirus

Up to a million Spanish families could soon receive an ongoing monthly payment to help them through the coronavirus crisis as the country’s government looks set to approve a €3 billion ($A5 billion) basic income scheme.

The program, targeting low or no income families, will likely remain beyond the COVID-19 pandemic, which is expected to push the unemployment rate to more than 20 per cent in the country of almost 47 million people, according to the International Monetary Fund .

Discussing the measures on local television last month, Economy Minister Nadia Calvino said they were intended to “stay forever, that it […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.