Home > United Nations Online Network in Public Administration and Finance (UNPAN)
1. Global
2. Africa
3. Arab States
Arab States
4. Asia & Pacific
Asia & Pacific
5. Europe
6. Latin America & Caribbean
Latin America & Caribbean
7. North America
North America
UNPAN Latin America & Caribbean
Public Administration News  
Structural Poverty Down 10 pct in Venezuela
Source: globaltimes.cn
Source Date: Monday, October 28, 2013
Focus: Electronic and Mobile Government
Country: Venezuela
Created: Oct 28, 2013

Structural poverty in Venezuela has fallen from 16.7 percent to 6.9 percent, thanks to the more equitable distribution of wealth, the national statistics chief said Friday.

During an interview with state-run Venezolana de Television (VTV), Elias Eljuri, president of the National Statistics Institute (INE), listed a variety of economic measures implemented by the country's socialist government over the past 14 years, saying together they have helped reduce poverty.

Meanwhile, social spending has increased from 36 percent to 62.5 percent, which helps improve the livelihood of most Venezuelans, he said.

On Venezuela's current inflation woes, the INE chief noted that one of the factors behind the rise in prices was higher wages.

"It's logical that if you raise wages, you raise inflation," he said.

Acknowledging the importance of reining in inflation, Eljuri said that the government is taking steps to "compensate" for the price hikes.

News Home

 Tag This
 Tell A Friend
del.icio.us digg this Slashdot
0 ratings
Views: 919

Comments: 0 Bookmarked: 0 Tagged: 0

0 Comments | Login to add comment

Site map | FAQs | Terms and Privacy | Contact Us
Copyright 2018 by UNPAN - United Nations Public Administration Network