June 20th, 2024 | 8:22

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The Basque Government supports the emancipation of young people with the help of €300 from 2024

Maria Jose Gonzalez

June 20, 2023 | 6:37 pm

A breather for young people: Financial support on the way

In an attempt to encourage youth independence, The Basque Government has announced a grant of 300 euros per month for those young people between the ages of 25 and 29 who seek their emancipation. This aid, which is expected to come into effect at the beginning of 2024, could ease the financial burden of thousands of young people looking to make their way in an increasingly difficult housing market.

The decree: Details and conditions

The decree, signed by the lehendakari, Iñigo Urkullu, establishes a series of conditions to be able to benefit from this aid. Between them, the beneficiary must be registered in Euskadi the year prior to the application and prove three years of registration in the last ten. In addition, you must have an annual income between 3.000 and 28.000 euros.

Who benefits most?

The aid could be a game changer for young Basques, where most emancipate after the age of 30. With this measure, the Basque Government hopes to reduce the average age of emancipation to 28 years and increase the emancipation rate to 50% by 2030.

A broader panorama: Basque Strategy 2030

This aid is just one of the many measures implemented by the Basque Government as part of its Basque Strategy 2030 to promote youth emancipation. Other elements of the strategy include rental assistance, tax deductions for descendants, and employment and training initiatives, all with the aim of facilitating the autonomy of young people and helping them carry out their life projects.

Emancipation as a couple: Details to consider

In the event that young people decide to become emancipated as a couple or cohabiting with other people, a reduction will be applied to the amount that may correspond to them separately. This detail, which may seem minor, is important for those who plan to share their home with friends or couples.

Conclusion: A brighter future for Basque youth

The road to emancipation is difficult, and the Basque Government's measures could provide the support that young people need to navigate this challenge. Although effective implementation is scheduled for 2024, the signing of this decree is a hopeful first step towards a brighter future for young people in Euskadi. Although it remains to be seen how this initiative will develop in practice, it is undeniable that it marks an important milestone on the path towards youth emancipation in the Basque Country.

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