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Archived story2 articles · 2 publishers

IMF urges governments to target welfare spending at low-income households

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The International Monetary Fund has advised governments worldwide to prioritise targeted welfare support for low-income households over broader measures like tax cuts to address the cost of living. The IMF's report highlights that cost-of-living crises disproportionately affect poorer households, urging policymakers to protect vulnerable groups from inflation surges.

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IMF urges governments to target welfare spending at low-income households
Photo: Evening Standard

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