Spain began handing out money to citizens just because

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www.vsyako.netPhoto: Jon Nazca / Reuters

Spain launched a program of minimum subsistence income, which implies the distribution of money to people just like. It is reported by Euronews.

Friday, June 26, cash assistance from the state can obtain 255 thousand people from the most vulnerable segments of the population. Half of the first recipients of support will be children. After the software will launch in full, the payment will qualify 850 thousand households or 2.3 million people.

The minimum subsistence income paid to the household. The payout for one person will amount to 462 euros. With the growing number of family members, the allowance will also increase. Its maximum value will be 1015 euros per month. In total annual spending budget for the programme is estimated at three billion euros.

According to the Organization for economic cooperation and development (OECD), Spain leads Europe in scale of economic damage caused by coronavirus. Bankruptcy declared about 100 thousand Spanish companies in the last two months. In the worst case scenario, GDP could shrink by 15 percent in 2020.

For the first time about the introduction of the program the minimum subsistence income, the Spanish authorities began in April. The main emphasis is planned to be done to help families. After the completion of the pandemic to abolish the payments are not collected.

Video, photo All from Russia.

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