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Spain's 14 Billion Euro Flood Relief Plan

The Spanish government unveils a significant aid package, totaling 14.373 billion euros, to help those affected by recent devastating floods. Measures include immediate financial assistance, housing support, and infrastructure restoration.

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Spanish

Spain

EconomyLabour MarketGovernmentRecoveryFloodAid

Spanish GovernmentSarebSepesIcoTragsa

Pedro Sánchez

What specific aid is provided for the agricultural sector and mortgage holders?: Additional measures include a 12-month mortgage payment freeze, a 30% increase in child benefits in affected areas, and 200 million euros in direct aid for damaged agricultural operations.
What measures are in place to support businesses, cultural entities, and infrastructure restoration?: The plan also allocates funds for infrastructure repair (45 million euros for Albufera and other river basins), cultural entities (2 million euros), and job protection measures such as ERTE reinforcement and aid for self-employed individuals.
What immediate measures are in place for those affected by the floods in terms of housing and financial assistance?: The aid package includes immediate 50% advance payments for applicants, extended housing aid to renters and those who own secondary homes, and 150 Sareb properties for immediate free use by affected families.
What steps are being taken to address the ongoing challenges of mud and debris removal and water supply restoration?: The government is also dedicating 500 million euros to remove mud and repair water networks, addressing the lingering impact of the floods and ensuring safe water access. More than 400 companies have already applied for ERTEs, and thousands of individuals have applied for aid.
What is the total amount of aid announced by the Spanish government to address the consequences of the recent floods?: The Spanish government announced a new 3.765 billion euro aid package to help those affected by recent devastating floods, bringing the total aid to 14.373 billion euros.

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