Spain's President Pedro Sánchez. | Raúl Caro

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The Spanish government plans to grant 250 euros ($290.05) a month to young people on low incomes to help them pay their rent, Prime Minister Pedro Sanchez said on Tuesday at an event in Seville.

The aim of the bonus is to help young people between 18 and 35 years old become independent and move out of their parents' homes, Sanchez said.

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The new aid is part of a 2.25 billion housing budget.