How much can be bought with the $ 15,000 of the new government bond compared to the IFE of $ 10,000 last year

Social assistance for the new period of movement restrictions decided by the national government is very different from the three rounds of Emergency Family Income (IFE) faced by the economic crisis engendered by quarantine in 2020, both in because of its geographical location. scope, number of beneficiaries and amount, which increased by 50% in nominal value. But Due to rising inflation, the 15,000 pesos that the state plans to disburse actually imply only a 16% increase in the capacity to purchase the 10,000 dollars of the IFE in its first installment. ‘last year.

How many are buying $ 15,000 now and how much did they buy a year ago? In April of last year, when during the application of the strictest quarantine, the government of Alberto Fernández launched the IFE of 10,000 dollars for almost 9 million people, that amount was equivalent to around 176 units. of purchase value (UVA) and a fraction. The index intended to discount credits is adjusted for inflation expressed in daily values, so its use allows us to calculate the effect of price increases on nominal values ​​measured in pesos.

At today’s values, the 15,000 dollars that the State intends to pay represent on the other hand a little more than 205 UVA, that is to say an amount 16.19% higher than that of the original IFE. Indeed, over the past year, inflation has increased in annual terms – measured up to February – by 40.7%, reducing part of the real value of the 50% nominal difference between the new obligation and this 2020 emergency allowance.

But in addition to looking at purchasing power based on the effect of inflation, which includes a basket of goods and services whose prices have risen at full speed combined with regulated tariffs that are practically frozen, It is also interesting to compare it with the basic food basket (ABC) and the total basic basket (CBT) which include the goods and services theoretically necessary to avoid falling into destitution, in the first case, and poverty. , in the second.

Thus, the 15,000 dollars that the government plans to transfer are sufficient to buy only 25.862% of the total basic food basket of a family of 4 members, which in February reached 57,997 dollars, and 61% of the basic food basket for the same family. structure, which was last month at $ 24,575.

A year ago, when the IFE was launched, the then $ 10,000 was enough to cover 23.48% of the total basic food basket and 55.88% of the basic food basket, which marks the threshold. of poverty.

The 15,000 dollars that the government will deliver are enough to buy only 25.862% of the total basic food basket of a family of 4 members, which in February reached 57,997 dollars, and 61% of the basic food basket for the same family structure, which was last month at $ 24,575

In other words, in terms of purchasing power of basic goods and services, the new official social assistance program implies purchasing power that is 10% higher than that of the IFE a year ago.

The $ 15,000 that the government will pay to recipients of the AUH, pregnancy allowance and monotributists of the lowest categories is, yes, used to cover the basic food basket of an adult, as assessed by Indec in February. The figure exceeds the $ 7,953 estimated by the agency. However, it does not cover the total basic food basket for a single person, which was $ 18,769 per month last February.

On the other hand, it covers only 76% of the food basket of a family of 3 members ($ 19,565) and 32.49% of the total basic food basket of a same family. Finally, he pays 58% of the basic food basket for a family of 5 ($ 25,848 per month) and 24.59% of the $ 61,001 needed by this family to cover the total basic food basket.

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