Today, on 29 May, the Spanish government urgently approved a decree to create a guaranteed minimum income scheme that will come into force from June. The measure has been introduced to lighten the burden for 850,000 low-income households across the country and will consist of a monthly payment of at least €462 per month for an individual person. The sum can rise to as much as €1,015 per month for a family with two children.
Madrid is bolstering social protection amid the impact of Covid-19 on the country’s economy. Spain’s council of ministers approved the launch of the ‘minimum subsistence income’ (Ingreso Minimo Vital, IMV) to help the country’s most vulnerable households. The immediate application of the measure is set to be approved in the coming weeks by Parliament. The measure supplements the range of social protection measures that have been available since the beginning of the Covid-19 crisis. In addition
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