Tuesday, May 19, 2020

Spain to approve basic income programme




The Spanish government will next week approve a basic income programme which will provide a guaranteed income for poorer Spaniards.

The scheme’s introduction has been accelerated by the coronavirus pandemic, which could trigger the deepest global recession on record.

Up to 1 million families will receive the new benefit, which is expected to cost Spain between 3 billion ($US3.24 billion) and 3.5 billion euros ($US3.78 billion) annually……….


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