Sunday, 5 June 2011

POVERTY: Peru lifts over 4 million people out of poverty in 2005-2010

Lima, May 27 (ANDINA).

 Foto: Programa Juntos.
Juntos Program help poor people in Junin.
Poverty rates in Peru has decreased from 48.7 to 31.3 percent in 2005-2010, which means that over four million people have been lifted out of poverty, reported Friday the Ministry of Economy and Finance (MEF).
According to MEF’s 2012-2014 Multiannual Macroeconomic Framework (MMM) in the last years, Peru's national budget has increased significantly due to this economic growth and improving tax revenues.
Total poverty fell from 34.8 percent in 2009 to 31.3 percent in 2010, extreme poverty declined from 11.5 to 9.8 percent in the same period, while chronic child malnutrition rate fell from 18.3 to 17.9 percent, very close to the state government goal of 16% by 2011.
Last year, poverty reduction was higher in rural areas, from 60.3 to 54.2 percent.
This improvement is the result of a number of government initiatives in rural areas, such as, the National Program of Direct Support to the Poorest (Juntos) and increased investment in education and health, among others.

No comments:

Post a Comment