Government Announces Increased Child and Housing Benefits - IcelandReview

In the aftermath of the recently-concluded declaration negotiations betwixt VR and SA, the authorities has announced a bid of measures aimed astatine supporting low- and middle-income households.

At a property league astatine 14:30 today, Prime Minister Katrín Jakobsdóttir, alongside Minister of Finance Bjarni Benediktsson and Minister of Infrastructure Sigurður Ingi Jóhannsson, announced the caller policies, which purpose to enactment the buying-power of households, portion keeping ostentation rates down.

Improved Child Benefits

The kid payment strategy is to beryllium simplified, portion besides expanding enactment for the system, allowing much to suffice for kid benefits.

The improved kid benefits volition correspond a full summation of ISK 5 cardinal from the existent strategy implicit the adjacent 2 years. Additionally, the strategy is to beryllium streamlined to trim the waiting clip for kid benefits, which are not to transcend 4 months aft the commencement of a child.

Changes successful Housing

The authorities besides plans to summation the lodging proviso by incentivizing the improvement of caller existent property passim the nation.

Increased entree to societal lodging volition besides beryllium a priority, with immoderate ISK 4 cardinal to beryllium allotted successful 2023 to the enlargement of affordable lodging successful Iceland.

Housing benefits for tenants volition besides beryllium increased.

Additional reforms see improved pensions for the aged and disabled, accrued backing for workplace training, and reforms to pension funds.

Bundled on these concessions to Iceland’s cost-of-living situation volition besides beryllium a large summation to constabulary funding.

Read the afloat announcement here.