BUSINESS

Strict criteria for ‘social dividend’ eligibility

PROKOPIS HATZINIKOLAOU

TAGS: Finance

The government has imposed strict income and property criteria to determine who will qualify to receive this year’s “social dividend”handouts, to come from the amount by which the primary budget surplus exceeds its target, according to the details submitted in Parliament on Monday.

The social dividend is set to come to 720 million euros. In the case of single-member households, only those with annual incomes of up to 9,000 euros and whose property assets do not exceed 120,000 euros will be eligible. The ceiling rises to 13,500 euros for a couple without children and by another 2,250 per child, while the property value limit rises by 15,000 euros per extra household member.

Other criteria include bank deposits and residence in Greece for at least the last five years.

The amount handed out to single taxpayers will be 250 euros, while couples will get 375 euros, one-child families will receive 437.5 euros and two-child households 500 euros.

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