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The government is distributing 678 million euros to families this week. Crown bonus for beneficiaries of family allowances, 360 euros per child.
12:36 pm, September 8, 2020
This week, the turquoise green federal government is distributing the € 360 per child crown family bond announced at a government meeting in June. According to the information, this amounts to a total of 678 million euros for the approximately 1,824 million children for whom family allowances are received.
The automatic payment will be made in the next two days.Family Minister Christine Aschbacher and Finance Minister Gernot Blümel (both ÖVP) said at a press conference on Tuesday.
The 360 euros per child are indexed as the family allowance. This means, around 137,000 beneficiaries with children living abroad receive more or less than 360 euros, depending on the cost of living in the respective country.
“Every family that receives the family allowance receives the money,” Blümel said. The deadline for this is September. An app is not necessary.
The money has been transferred since Tuesday
Starting today, the money will be transferred to the accounts of all beneficiaries, he said. Aschbacher said families who thanked him for the money had already written to him.
The child bonus is intended to cushion the financial consequences of the crown crisis for families, but also to stimulate the economy. According to economists, money is likely to be spent quickly, especially with parents with lower family incomes, thus stimulating consumption.
