Czech government votes to raise poverty benefits
Photo by Pixabay
The Czech government has voted to raise poverty benefits referred to as the living minimum and the existential minimum as of April 2020, the Czech Radio reported.
The living minimum is to be raised to CZK 3,860 (EUR 155.44) per month from CZK 3,410 while the existential minimum will be raised to CZK 2,490 (EUR 100.2) from CZK 2,200/month.
According to the report, the Social Democratic Party (ČSSD) proposed the increase in view of the fact both minimums have been at the same level for eight years, while inflation has increased by 13% during that time.
“We need to respond to growing living expenses. It is one of the last debts this government is paying,” Deputy Prime Minister Jan Hamáček told journalists after the government session.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.