Spanish government proposes €18 billion universal childcare benefit
Updated
Updated · Bloomberg · May 1
Spanish government proposes €18 billion universal childcare benefit
10 articles · Updated · Bloomberg · May 1
The plan would pay parents €200 a month for each child under 18 and aims to cut poverty by 713,000 children by 2030.
Youth and childhood minister Sira Rego said legislation could pass this year, but financing, possible wealth taxes and a fractured parliament threaten approval before elections due by 2027.
About a third of Spanish children face poverty or social exclusion, with housing costs, insecure work and low take-up of existing benefits leaving family support below the EU average.
Can Spain's universal child benefit truly break the cycle of working poverty, or will deeper labor and housing reforms be needed?
How might the regularization of 500,000 migrants impact Spain's labor market, social security, and long-term child poverty rates?