The poverty rate in Argentina reached 53%
reported Mehr News Agency, official statistics published showed that Argentina’s poverty rate reached approximately 53% in the first half of the year.
This is a sharp jump from 41.7 percent at the end of last year and more than double the 26 percent of the past seven years, and reflects the heavy cost to Argentines of the repeated economic crises that the country has endured. It has affected South America.
These data show how spending cuts aimed at fixing deep fiscal deficits have had severe short-term consequences. The country is in deep recession and inflation is still in triple digits, although there are signs of improvement.
The Observatory of the Catholic University of Argentina increased the poverty rate to 55.5% in the first quarter of the year, but this rate in The second quarter fell to 49.4 percent, which was an average of 52 percent for the first six months. Indicates the current year.
Argentina’s government has cut spending on some welfare and support programs to deal with the economic crisis, but has argued that it has expanded two key welfare programs, the universal child benefit and the food card program. and supports families directly.
