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Peru: Govt economic subsidy to be received by 3.5 million families

16:26 | Lima, Mar. 25.

The President of the Republic Martin Vizcarra on Wednesday afternoon announced that the extraordinary bonus of S/380 (about US$107) granted for each vulnerable family to cover their basic needs —within the framework of the current state of emergency in Peru— will be extended to 800,000 additional households, which will add to the 2.7 million families already relying on this benefit.

"We are getting to meet a demand from the people who require this financial support. Currently, there are 2.7 million families identified and registered, but we are aware that with this we would not be able to cover the total demand," he expressed.

For this reason, the Head of State said that the Ministry of Economy and Finance (MEF) —together with the Ministry of Labor and Employment Promotion (MTPE)— made an additional effort and decided to include more families who will benefit from the subsidy.

"Initially, we planned to cover an additional 500,000 families; however, after making the necessary adjustments (...), they will total 3.5 million families who will benefit from this initiative," he stated.

On March 16, the President announced that the Council of Ministers had approved an exceptional bonus of S/380 (about US$107) for each vulnerable family to be affected by the emergency measures. Initially, it was projected that around 9 million Peruvian citizens would benefit from this subsidy.

Remarks were made in a televised Address to the Nation, within the framework of a 15-day mandatory social isolation imposed to prevent the COVID-19 from further spreading in the South American country.

On this occasion, the President was joined by members of the Council of Ministers and other authorities. The event was held at the Government Palace in Lima.

Wednesday marks the tenth day of mandatory social isolation.

(END) VLA/JJN/MVB

Published: 3/25/2020

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Peru: Govt economic subsidy to be received by 3.5 million families

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