Coronavirus has been confirmed in both developed and developing countries since its outbreak in Wuhan China late last year.
Spain, one of the industrialized countries, has suffered the worst of this contagious virus that has killed over 371,442 people worldwide.
More than 286,308 cases with 27,125 deaths have been confirmed in the country, and its coalition government has been on the front position of calls within the Eurozone for greater financial support in view of the mitigation measures that have made many people unemployed.
And with many families now facing some financial difficulties, the government has now introduced a basic monthly income to help struggling families across the country amid the economic downturn caused by this global pandemic.
The move announced on Friday came out from a result of last year’s coalition agreement between Pablo Iglesias, leader of the leftist alliance Unidas Podemos (UP), and socialist Prime Minister Pedro Sanchez.
Pablo said that the COVID-19 triggered a crisis across the country and has now forced the rapid implementation of the measure that has been on the table for several weeks.
He added that it was a historic day for democracy when a new social structure was created.
The pandemic has affected over 600,000 households and 1.6 million people in the country. The new structure, which is expected to cost the annual budget of three billion euros, aims to solve the poverty problem caused by the outbreak.
The new structure guarantees an adult living alone with an income of 462 euros, and each person in a family is granted an additional 139 euros regardless of adults or children but is limited to a total of 1015 euros per per family.
The structure is also aimed at people with an income, and anyone whose income is low is replenished to meet the thresholds in the structure.
The Ministry of Inclusion and Social Security confirmed that the structure guarantees each house an average annual income of €10,070.
The Spanish government confirmed that the structure is expected to benefit approximately 850,000 households with approximately 2.3 million people, of whom 30% are minors.
By June 1, over 100,000 are expected to receive their package.
The structure comes at an ideal time when poverty in the country has increased due to measures to curb the spread of this highly contagious virus.
The country has been closed since mid-March, leaving many people across the country unemployed.
This has triggered a high level of poverty that far exceeds the country’s experience during the historic global financial crisis of 2008.
This COVID-19 shook this European nation, which for the first time forced many families to line up for food in the country’s capital. Also, it can be seen from larger crowds queuing for food in local churches and humanitarian organizations. Spanish GDP is expected to fall to 9.2% this year and unemployment across the country is expected to increase by 5.2% due to this global pandemic.
Nelson Richards is a Seasoned Journalist with nearly 6 years of experience. While studying at Case Western Reserve University, Located at Cleveland. Nelson found a passion for finding and writing articles which are published in Well known Media Publications such as Tnt Publications and Ohio News Network. As a contributor to Chroniclex Nelson Covers National Topics.