Coronavirus: Spain announces €3-billion universal basic income scheme

Coronavirus: Spain announces €3-billion universal basic income scheme
Spanish PM Pedro Sanchez. Photo: Andres BALLESTEROS / POOL / AFP
Spain has announced a minimum basic income scheme to help boost its coronavirus-hit economy.

In a press conference on Saturday, Spanish Prime Minister Pedro Sanchez said the government was committed to reducing poverty. 

The scheme will cost the Spanish economy €3 billion per year and is expected to help out almost a million struggling households across the nation. 

“It will cost around €3 billion per year, will help four out of five people in severe poverty and benefit close to 850,000 households, half of which include children,”

Sanchez said the Spanish government had a responsibility to help out those who had been hit hard by the crisis. 

“Neither the government nor Spanish society is going to look the other way while our compatriots queue up to eat, something we are sadly seeing now in some parts of the country.”

At the same press conference, Sanchez said tourists can again enter Spain from July – giving hope to the country’s shattered tourism industry. 

READ: Spain to reopen to foreign tourists from July

Sanchez also said the national football league – La Liga – would be able to return from June 8th onwards. 

 


Member comments

Become a Member to leave a comment.Or login here.