The Independent Accountability Authority (AIRef) released its first assessment of the new liability this Tuesday. minimum vital income (IMV)The first state-level minimum income in effect since June 2020, and By the end of 2021, it had reached 280,000 homes across Spain. One of its initial results is that it is a “powerful” tool for tackling poverty, but requires adjustments in its implementation and more information for potential buyers. Well, according to his analysis, 400,000 families are entitled to this subsidy, but, because they did not formally request it. If fully deployed, IMV It can cover 60% of people at risk. poverty in spain.
this Social Security rejects most requests, a large number of other citizens who meet the requirements do not apply to receive this subsidy, thereby guaranteeing a minimum income for themselves and their families. This is the paradox highlighted by the technicians of the independent organization headed by Cristina Herrero, who analyzed the distribution of the new minimum income up to 31 December. By then, the number of applications to take the IMV exceeded 1.5 million, but 73% of those resolved were rejected based on income, assets or cohabitation criteria.
According to AIRef there is room for improvement in the application and this is There may be 700,000 out of 280,000 existing beneficiary households and the annual cost to the public coffers is 2,800 million Euros. According to figures then provided by Social Security, IMV coverage has improved in recent months and now covers 450,000 families. However, both figures make it clear that not everyone who has access to this subsidy will be able to do so. A phenomenon common in international practice due to the complex management of such benefits exists in households with one type of income and is particularly concentrated among those who would receive a more limited increase in income. To be the beneficiaries of IMV”, according to AIRef.
The independent agency considers that once the subsidy is distributed at its full capacity, it can only improve coverage so far provided by the regional minimum income. especially some 250,000 more families He would join this network of protection against severe poverty throughout Spain. “IMV, together with minimum income programs, would have managed to cover around 60% of households at risk of poverty if fully implemented,” they say from AIRef.