The poverty line is rising next year – Money

The poverty line is rising next year – Money
The poverty line is rising next year – Money

The Council of Ministers determined the poverty line for 2024, which will be 526 BGN. This was announced at a briefing by the Minister of Labor and Social Policy, Ivanka Shalapatova, after the government adopted the decision at today’s meeting.

The decision stipulates that the new amount of the poverty line will increase by BGN 22 or 4.4%.

As the 2024 poverty line increases. social benefits under the Social Assistance Act, financial support under the Disabled Persons Act, financial aid and means for prevention and reintegration, raising a child with relatives and friends, as well as raising a child in a foster family under the meaning of the Child Protection Act, explained the minister.

They are discussing raising the poverty line

Shalapatova pointed out that in implementation of today’s government decision, the scope of people who receive an old-age pension will be expanded.

Improving the poverty line will also increase social support for vulnerable groupsas a greater number of people and families in need will receive support from the state, commented the Minister of Social Affairs.

About 800,000 people from vulnerable groups will receive financial support in a higher amount in 2024. due to the increase in the poverty line. For the next year, it is planned to provide financial support under the Law for the disabled to more than 672 thousand people over the age of 18. Under the social assistance law, assistance will reach 123,508 people in 2024, she said.

Shalapatova assured that the necessary funds are taken into account during the preparation of the State Budget Law for 2024.

Funds for support under the Social Assistance Act are scheduled to increase by BGN 75.6 million. There will be BGN 27.6 million more for people with disabilities, and for financial aid in the sense of the Child Protection Act, the funds will increase by one million BGN, the minister pointed out.

The Ministry of Labor and Social Policy also relies on a number of non-financial measures.

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The article is in Bulgarian

Tags: poverty line rising year Money


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