This Thursday the national government announced that the Food Reinforcement for the vulnerable sectors of the population will be paid in two installments of $22,500 each in November and December. It is a bonus of 45 thousand pesos that adults without income or social plans can collect. It is in this context that the Mediterranean Foundation and the IERAL issued a new report in which they give an account of the situation of the public and private sectors.
The statement assures that before the acceleration of the inflation of the last months, once again it occurs that salaries, pensions and social programs run behind the prices. While formal wage earners can better cope with the acceleration of inflation, informal and self-employed workers as a whole are approaching a loss of purchasing power estimated at 6.5% in real terms.
“Compared to 2019, in 2022 the income from the public sector and that from social plans has gained strength. On the other hand, the private sector in general and the remuneration received by retirees lost weight. The participation of the private sector with respect to the public, in the total mass of income fell, from a peak of 66% in 2012 to 59% in 2022. 2020 was the year in which the private sector was most overwhelmed and, therefore, it had the lowest relative weight in recent years. 18 years (57%)”
In 2022, the mass of aggregate income would have a negative variation of 0.3% compared to 2021. In particular, the mass of pension income would be the hardest hit, with a year-on-year drop of 6.5%