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Javier Milei once again targeted “the caste” after learning the latest figures on poverty: “The true inheritance”

2024-02-18T04:00:29.557Z

Highlights: Javier Milei once again targeted “the caste” after learning the latest figures on poverty: “The true inheritance”. “We did not come to play the mediocre game of politics. "We came to change the country," the president concluded after citing a journalistic report that reported the significant jump in the levels of poverty and indigence, due to the devaluation and the sharp increase in the value of the basic basket, among other increases. The poverty level, meanwhile, rose from 44.7% observed in the third quarter of 2023 to 49.5% in December and 57.4% in January.


After this indicator exceeded 57%, according to the UCA, the President made his defense on social networks. “The destruction of the last hundred years is unparalleled,” he said.


Javier Milei

once again pointed out against “the political caste” and blamed it for the fact that

poverty

, according to the latest report from the Social Observatory of the UCA (Argentine Catholic University),

climbed to 57.4

% in January of this year.

The true inheritance of the caste model

: 6 out of every 10 Argentines are poor.

The destruction of the last hundred years is unparalleled in the history of the West,” the president wrote on his

X

account , formerly Twitter.

In the same text published on that social network, Milei warned: “Politicians have to understand that

people voted for change

and that we are going to give our lives to carry it out.”

“We did not come to play the mediocre game of politics.

"We came to change the country," the president concluded after citing a journalistic report that reported the significant jump in the levels of poverty and indigence, due to the devaluation and the sharp increase in the value of the basic basket, among other increases.

According to the UCA report called "Estimation of the effects of the post-devaluation Inflationary Impact. Scenario for December 2023 and January 2024", the

population in a situation of indigence

went from 9.6% in the third quarter of 2023 to 14.2% in December 2023 and

15% in January 2024

.

The poverty

level

, meanwhile, rose from 44.7% observed in the third quarter of 2023 to 49.5% in December and 57.4% in January, a figure that represents

the highest level of the series that began in 2004.

, when it was 54%.

The UCA document explains that the poverty projections for December 2023 and January 2024 were made by adjusting labor and non-labor income for the third quarter of 2023 based on real variations in salaries and modifications in income and monetary transfer programs. .

In turn, the consumption baskets (CBA and CBT) were updated based on the variation in the values ​​corresponding to their increase according to INDEC estimates.

He highlighted, in parallel, that "to assess the worsening of the social situation, two simulation exercises were carried out based on the adjustments applied to the microdata of the EDSA (Argentine Social Debt Survey) for the third quarter of 2023."

“The first recalculates the level of indigence and poverty in the situation of increasing baskets and updating labor and non-labor income for December 2023. The second of the exercises reproduces the situation of basket costs and the labor and non-labor income of homes in January 2024,” he noted.

IS

Source: clarin

All news articles on 2024-02-18

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