Back Ελάχιστο Εγγυημένο Εισόδημα Greek Renta mínima de inserción Spanish Revenu minimum French Reddito minimo garantito Italian 最低限所得保障 Japanese Revenu d'inclusion sociale LB Reddit minim garantii LMO Gwarantowany poziom dochodu Polish Гарантированный минимум Russian Minimalni dohodak Serbian
Guaranteed minimum income (GMI), also called minimum income (or mincome for short), is a social-welfare system that guarantees all citizens or families an income sufficient to live on, provided that certain eligibility conditions are met, typically: citizenship and that the person in question does not already receive a minimum level of income to live on.
The primary goal of a guaranteed minimum income is reduction of poverty. Under more unconditional requirements, when citizenship is the sole qualification, the program becomes a universal basic income (UBI) system. Unlike a guaranteed minimum income, UBI does not typically take into account what a recipient already earns before receiving a UBI.
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