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Monday, January 28, 2019

"But Venezuela has given benefits to the poor..


28-01-19.-A sterile 75% increase approved by the Executive for the table of Homeland Bonds of the Nation,(welfare) the payment called "José Gregorio Hernández", the protection bonus for humanized birth delivery and breastfeeding mothers  "evaporates "With the purchase of just one item of the basic family basket. 

Of the more than 15 million Venezuelans assigned to the Carnet de la Patria (benefits card), six million of those registered receive the different classifications of Households of the Nation, according to balances provided by the Government. 

These tables, which range from one beneficiary per family to one set aside for households with six or more members, do not match the economic reality of the country or the number of members who receive the (welfare payment) bonus.

In national chain, (televised report by President Maduro) and for the celebration of the second anniversary of the Patria (welfare) system, President Nicolás Maduro announced the increase. It is the first adjustment of the year, but the second adjustment done in two months, because at the end of November he also adjusted the totals, "devoured" already by hyperinflation. 

For those considered "families", with one member, it went from BsS. 800 to 3,200 bolivars, which is enough to choose between buying a kilo of rice, one of precooked flour or one kilogram of sugar. 

If it is two people, they will receive BsS. 4,800 instead of 1,200 sovereigns, with which they will be able to acquire 250 grams of coffee. In the case of three members per household, the benefit extends from 1,800 to 7,200 sovereigns, equivalent to one kilo of cheese.

For four family members, the Executive will grant BsS 9,000 instead of the 2,400 bolivars charged in January.This new amount yields barely a kilo of meat, insufficient to sustain the feeding of four people until the benefit comes again. 

For families of 5 people, the amount amounted to 6,000 bolivars, to be located in BsS. 12,000, insufficient to cover more than a liter of edible oil. While BsS. 14,400 are destined to those grouped in families of 6 or more consanguineous, money that can be translated into a kilo of detergent to wash clothes.

Also, the José Gregorio Hernández voucher, which receives 1 million 688 thousand individuals with some type of disability, increased from 1,800 to 7,200 bolivares, interchangeable resources for a carton of 30 eggs. 

Similarly, the president reported the increase in the monthly economic contribution of BsS. 2,400 to 9,600 for women in pregnancy and lactating through the Humanized Delivery Plan. With this amount they could choose between 8 diapers, sold per unit, or 1 kilo of milk powder, since a package of 30 diapers exceeds 25,000 bolivars and breast milk remains in that "stratospheric" order, touching the 30,000 sovereigns.

The economist Luis Oliveros compared the amounts of the benefits with the parallel dollar rates, current reference for the economy in the country, which currently suffers a de facto dollarization. 

Thus, Oliveros pointed out: "One person, 1 dollar and a peak, two people, 2 dollars, and so on", criticized, and questioned the policy that has already been in the country for two years. "And that's what they call 'protection of homes of the homeland," he said on the social network Twitter. 

"Every time Maduro talks about protecting the people, remember: first, we are in hyperinflation (created by his disastrous economic policies); second, the shortage of medicines that kill Venezuelans every day;third, insecurity; fourth, the delivery of 'chucuto' bonds and, fifth, the government blackmail, "said the specialist.

Oscar Meza, director of the Center for Documentation and Social Analysis of the Venezuelan Federation of Teachers (Cendas-FVM), pointed out, as the most recent study has shown, that "to cover the cost of the basic family basket, the Venezuelan must have at least $ 900 per month. " 

Meza said that it is estimated that a family needs $ 300 to acquire the 60 basic products of the food basket. It requires another $ 600 to cover the basic family basket, which integrates food, services and clothing. 

He also added that for the next 6 or 9 months, the basket could be between 500 thousand and one million sovereign bolivars."In the case of the basic we would be talking about double," he said.

According to another study of the Cendas-FVM, the basic family basket of December 2018 made a total of 464,951.41 bolivares, a rise of 184,970% compared to that same month in 2017. 

In December the rise was 
BsS 81,236.19 ( 62.5 minimum wages) or 153.1%, compared to the month of November, that is, 15,498.38 bolívares per day were needed to cover its cost, equivalent to 3.4 minimum daily wages at that time. 

The Permanent Commission of Finance and Economic Development of the National Assembly reported that the inflation rate registered in the year 2018 was 1,698,488.2%, while that of December stood at 141.75%. In addition, the commission indicated that the inflation rate of food reached 123%.
For its part, the International Monetary Fund forecasts that by 2019 hyperinflation will exceed the alarming figure of 10,000,000% in Venezuela.
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