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 becomes a structural instrument, a permanent instrument.”

https://www.sbs.com.au/news/spain-set-to-introduce-permanent-basic-income-scheme-to-rebuild-economy-post-coronavirus

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