Italy approves first ever anti-poverty package

Image
IANS Rome
Last Updated : Mar 11 2017 | 6:27 AM IST

The Italian parliament on Thursday passed the first ever anti-poverty provision aimed at ensuring a stable economic support to poor families in the country, local media reported on Friday.

So far, the government has allocated 1.6 billion euros ($1.7 billion) to the measure in 2017. Yet, the annual budget would rise to two billion euros in both 2017 and 2018, once an expected contribution from the European Union (EU) was added to the domestic resources, Xinhua quoted Italian Labor Minister Giuliano Poletti as saying.

An income worth between 400 euros and 480 euros per month will be provided to deprived families, according to their own earnings and starting with couples with young children and unemployed people over 55 first.

"The measure represents an essential pillar of the national plan against poverty, and it fills a long-standing gap in the Italian welfare system in terms of protection of low-income individuals," Poletti added.

Italy was the only EU country, together with Greece, to lack a structural provision against poverty, the minister stressed.

The supportive income would be provided only under certain conditions, such as the regular attendance of the children at school, and the commitment of the unemployed to seek a job.

--IANS

sku/

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 11 2017 | 6:10 AM IST

Next Story