The Economic Minister explains the factors of economic policy that promote reduction of cash poverty

Santo Domingo.- Minister of Economy, Planning and Development, Pavel Issa ContrerasHe explained that Less money poverty in the country 4.7 percentage points(pp) in 2023, occurs against a backdrop of less economic growth than the typical result of a combination A set of principlesAs in the first place Against inflation.

During a television interview, he pointed out that the reduction of 4.7 percentage points (pp) in 2023 was due to policies. Social grants to prevent International price rise affecting houses in the country.

Ministry of Economy, as member Internal Institutional Technical Committee (CTP) on Measuring Poverty, Published last Sunday “Bulletin of Official Cash Poverty Statistics in the Dominican Republic 2023”.Otherwise it indicates that a family is in cash poverty It has sufficient resources to acquire a basic basket of goods and services.

Isa Contreras cited specifically Electricity and fuel subsidiesAs electricity charges and transport prices have been restrained.

“Social projects also played an important role.”, he revealed. In that sense, the Minister of Economy quoted Cash Transfers and School Meal Scheme (PAE), It reduced poverty by the equivalent of 2.0 percentage points, so it's a Very significant value for money to houses.

The minister stressed that cash poverty will decrease from 27.7% in 2022 to 23.0% in 2023, which is particularly beneficial. Rural houses with the increase Real purchasing power. Rural poverty declined from 30.9% to 24.6%. For its part, poverty in urban environments is expected to decrease from 27.0% in 2022 to 22.7% in 2023.

“Poverty reduction especially benefits rural people” Isa Contreras said poverty reduction is beneficial for both men and women. Women get more job opportunities especially in the rural sector.

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Economist and researcher described that in 2022, 25.8% of men will have poverty income and in 2023 it will be 21.8% and among women it will go from 29.4% to 24.1%. “The gap between men and women has narrowed from 3.6% to 2.3%” Indian.

Speech expectations

About the speech President Abinader's charge this February 27Minister Isa Contreras pointed out that key elements such as reductions will be highlighted. Cash povertyCreation jobsfailure inflammation and progress Rate risk The country is in such a difficult situation.

He pointed out on the basis of infrastructure He pointed out that there is a lot to show Southern region and border region They change at high speed. He emphasized that the government has a lot to offer on economic matters such as economy and disciplined growth of the economy Over $4 billion in private investment Last year, it was a Register.

On public investment, Isa Contreras highlighted it Water This is an issue that the government needs to be satisfied with. “Water investment in all sectors: irrigation, drinking water and sanitation, increased by 85% in the period 2021-2023 compared to 2016-2019” He explained.

The minister said that public investment has increased significantly Drinking Water and Sanitation and HousingIt affects people's quality of life. “They are the winning chips in terms of public investment in this government.” He finished.

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