Greek government to pay out fresh 710 million euro social dividend

Greek government to pay out fresh 710 million euro social dividend

An amendment tabled in parliament on Wednesday paved the way for the payment of a social dividend that could exceed 710 million euros, which have already been set aside based on current figures. The amendment states that the total amount could increase, if budgetary conditions so permit when the relevant co-decision is issued by the Ministers of Finance and Labor. It is worth noting that this year is the third year in a row that the Greek government decides to pay out the dividend.

The decision will determine criteria based on income, wealth, residence etc. on which the social dividend will be paid to beneficiaries, and the exact amount each beneficiary will receive by category, along with conditions, procedure, the time and method of payment, the time and manner of checking the income and property criteria for granting the dividend by category of beneficiaries, as well as every other issue of a technical or other nature.

In practice, the amendment paves the way for the payment of the social dividend, without revealing the criteria and beneficiaries, who will have to wait for the relevant ministerial decision./IBNA