Spain started to distribute to citizens financial assistance


The Spaniards will get 462 euros due to the pandemic.

Spain launched a program of minimum subsistence income, which implies the distribution of money to people just like, reports the with reference to the Correspondent.

In the first time on cash assistance from the state can count up to 255 thousand people from the most vulnerable segments of the population. Half of the first recipients of support will be children.

After starting the program 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.

Note that Spain has become a leader in the European Union-scale 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.