Foreign news agencies report from Buenos Aires. Argentina on February 19, based on a report from the Catholic University of Argentina (UCA), that the poverty rate in the country was as high as 57.4% in January. This is the highest record since 2004.
Meanwhile, the poverty rate for Argentina was 49.5% last year. The current situation means that 6 out of 10 Argentines have a poor quality of life.
Poverty in Argentina hits 57%, the highest number in 20 years, a report says
UCA’s Social Debt Observatory found that poverty increased by 8 percentage points in January https://t.co/pzirlxyOA2
— Buenos Aires Herald (@BAHeraldcom) February 18, 2024
However, the Argentine Ministry of Economy reported that the budget surplus was approximately 51,841 million pesos (approximately 22,307.65 million baht) in January. In the past, this was the first time since August. 2012, where the Argentine budget was in surplus.
The Argentine Government of President Javier Milel, who took over the country, In December Last year, the central exchange rate was lowered. The gap between the Argentine peso and the US dollar has been more than 50% since the first day of its inauguration. Dealing with inflation crisis, debt burden and budget deficit.
Photo credit: AFP
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