The UCA placed poverty at 49.9% in the last 4 months (between July and October 2024). From Casa Rosada they assure that the year will end with a lower percentage than in December 2023.
The Government supported and celebrated the poverty measurement carried out by the UCA.
Reuters
The Government echoed the results of the survey by the Argentine Catholic University (UCA) – which maintained that poverty was 49.9% in the last four months (between July and October 2024) – and assured that this percentage is “going through a strong sustained decline” and supported the study house’s projections that indicate a decline towards the end of the year. From Casa Rosada they highlighted the work carried out by the Ministry of Human Capital with its “disintermediation” policy.
For its part, indigence for the same period It stood at 12.9%. “The poverty figure is high, and we are aware that there is still much to do, but the signs allow us to be optimistic. The projections indicate that this trend will continue, in a context of macroeconomic stability and genuine growth of the economy, consolidating the new Argentina,” they concluded from the ruling party.
The Government supported the UCA data on poverty in Argentina
In detail, the latest figures from the UCA represent a significant increase compared to the levels recorded at the end of the third quarter of last year (44.7%), but they are lower than the peak observed in the first three months of 2024, which placed the poverty at 55.9%. The Government welcomed the reported data and assured that these are a consequence of the “implementation of economic policies that have contributed to reducing inflation and stabilizing the economy.”
“The data presented by the UCA Social Debt Observatory reflect that both the incidence of indigence and poverty have decreased in relation to the same quarter of 2023. This decrease is explained by two key factors: the disintermediation policy implemented by the Ministry of Human Capital, which allowed resources to reach the most vulnerable sectors more efficiently, and the macroeconomic decisions taken by the Government that helped reduce poverty rates,” they reported.
In addition, the Ministry of Human Capital highlighted that the decrease supported by the UCA data occurs after the “peak in the first quarter that marked 54.9% poverty, related to the crisis left by the inflationary economic model of the previous management”.
Despite the current high values - which remain close to the maximums of the last two decades – Casa Rosada was optimistic about the UCA’s projections.
News in development.-
Source: Ambito
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