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May 21, 2022
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The Cuesta Duarte Institute called the Government’s measures “insufficient”

Cuesta Duarte

On May 17, from the Executive Power, a battery of measures was proposed to the population to cushion the increase in the prices of consumer items. Cuesta Duarte, proceeded to “shred” the measures presented from the Government. He expressed that “this deterioration in the purchasing power of income has already been going on for a period of more than two years.”

In addition, it is emphasized that it is having “notorious effects on the economic well-being of people. It is in this economic and social context, in which the announcement of these measures is made, which serves as a framework to calibrate them. It should also be noted that these measures “complement the previous announcements made in terms of income.”

As it was pointed out from “different fronts, it left out an important group of people.” Mainly those who “are in conditions of greater vulnerability”, points out the institute.

This context of “famine that the country is going through and after having advanced some measures a few weeks ago to adjust the income of employees and retirees, the government makes these announcements to be implemented in the coming months.”

Some of these new measures, possibly those with “lesser impact, aim to affect the rise in prices or at least slow down their growth rate. Others aim to directly affect the income of the most vulnerable households, beneficiaries of MIDES social policies. These more focused measures possibly have a greater impact on the purchasing power of the households they involve than the previous ones.

Cuesta Duarte’s report on supergas

Regarding the freezing of supergas prices, until the month of September, it was blurted out that it is not “a reduction in its price.” It is a “commitment not to raise it for a period of 4 months. It is impossible to know what the increase in this price would have been if this measure had not been adopted, since ultimately, it is a price administered by the State.”

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