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MEF: Food bonus for vulnerable people will be S/300

According to INEI, in 2021, poverty affected 25.9% of Peru’s population. | Font: EFE

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connection what will be delivered to low-income Peruvians, the most vulnerable to a food crisis will be S / 300, said the head of the Ministry of Economy and Finance (MEF), Oscar Graham.

The spin-off will be given in order to mitigate the increase in product prices basic family basketbut who could get it?

Graham specified that the issuance of this subsidy will take place in two stages: first, beneficiaries of social programs will be paid, the list of which will increase by 1.5 million citizens; and secondly, a bonus will be given to a registry to be prepared by the Ministry of Development and Social Inclusion (MIDIS).

“One of them is to allocate resources to the beneficiaries social programs which are already registered. There is also a list of more than 250,000 citizens who have been identified and have criteria to access social programs and there will be a second part with Midis which is working on revising the registers to provide a bonus of around S/300 which will be delivered gradually and should mitigate the impact of rising food prices,” the minister explained during his participation in the Congressional Budget Committee.

The head of the MEF indicated that this food allowance will not be similar to previous subsidies, as it will be more focused on citizens with lower incomes.

Graham recalled that this payment connection for citizens, this is a measure that is applied worldwide and has been recommended by organizations such as the International Monetary Fund (IMF) and the Organization for Economic Co-operation and Development (OECD).

This food bonus, Graham recalled, will be allocated S/2000 million, a budget that has already been approved by the Council of Ministers.

Source: RPP

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