Spain’s Minimum Basic Income has reached more than 1 million households and benefited more than 3 million people since its adoption 5 years ago

by Peter Knight 

“The Minimum Basic Income has reached more than one million households (1,010,565) since its launch in June 2020, at the height of the COVID pandemic. The number of protected beneficiaries since then has now since exceeded 3 million people (3,008,318), of whom 1.3 million are children and adolescents, 43.4% of the total.

Since this policy came into force, the Social Security has allocated 14.938 billion euros to paying this benefit.

“The Minimum Basic Income was designed as a policy aimed at preventing the risk of poverty and social exclusion of people living alone or as part of a household who lack basic economic resources”, explains minister Elma Saiz. “More work needs to be done, but having helped 3 million people, more than a third of whom are children, is a big step forward”.

To read the full article, ckick here.

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