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Monday, April 15, 2024

He will give educational vouchers to those who fell into economic crisis due to his policies – El Financiero

In the first wink of the Argentine president, Javier Milei, to the middle sectors of the population affected by its adjustment policies, the government announced economic aid to families with children in the private education system.

The measure consists of a system of educational vouchers equivalent to 50 percent of the value of the tariff per single day at the initial, primary and secondary levels.

The vouchers will have a limit equivalent to $27 per child and in principle they will be valid for the months of May, June and July, reported the Ministry of Human Capital, which is in charge of the government’s social policy.

The announcement takes place at a time when more than 70 percent of Argentines say that their economic situation is worse than a year ago based on the policies of adjustment and deregulation of the economy implemented by the far-right Milei in his first 100 days in office, which expire this week.

He president, who took office on December 10, devalued the Argentine peso by more than 50 percent, cut financing to the provinces and reduced subsidies for transportation and energy, which had a strong impact on rates. In parallel, he deregulated the private health system and ended price control policy with which his predecessors tried to contain inflation.

Milei reforms accelerate inflation in Argentina

His reformist measures induced an acceleration of inflation, especially in food and medicine. The rise in prices accumulates 36.6 percent so far this year. The social impact of these measures was an increase in poverty to more than 50 percent.

Milei, a fierce critic of populist policies applied in the last two decades by the center-left governments, it doubled social assistance for the lowest-income families, but until now its government had ignored the sufferings of the middle class affected not only by the increase in prices, but due to increases in many cases greater than 100 percent in housing rent and fees for health services and private education.

According to the Ministry of Education, the educational vouchers will benefit two million children who attend some 6,000 private schools throughout the country. Only families with an income less than seven times the minimum, vital and mobile wage, equivalent to 200 dollars.

The money will be transferred directly to educational establishments.

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