Andina

Peru President: 2.5 million families have already received economic subsidy

12:38 | Lima, Apr. 14.

The President of the Republic Martin Vizcarra on Tuesday afternoon highlighted that 2.5 million families have already received the S/380 (about US$107) bonus designed for vulnerable populations to face the mandatory social isolation currently in force in Peru.

The Head of State noted that —taking into account that families on average are composed of four members— the Government is serving 10 million citizens.


"In total, there are 3.5 families who will benefit from it (the subsidy). Thus, we need to complete the first bonus delivery to one million families. Once we have completed the first delivery to all families, we will start paying the remaining S/380 (US$107)," he expressed.

Business Support Fund


"9,800 companies have already been included, which represents an amount of S/72 million (about US$20.28 million)," he said.

Furthermore, the leader indicated that if part of the MSEs do not manage to access the fund, there will be a second "more generous" amount to support all companies.

Mayors

Regarding the basic consumption basket delivery to citizens by mayors, he said that S/213 million (about US$60 million) has already been transferred to 1,874 local governments, of which S/61 million (US$17 million) has been used so far.

Spending against the Covid-19

Later, the President reported that public spending to face the COVID-19 spread already exceeds S/1.3 billion (about US$366 million)

In this sense, S/857 million (about US$241 million) is aimed at strengthening health services, followed by S/250 million (about US$70 million) for cleaning up public transportation units, S/178 million (about US$50 million) for improving public order, S/33 million (about US$9 million) for removing tariffs on medicine imports, and S/3.178 billion (about US$895 million) for attending to vulnerable families.


Initially set to last from March 16 to 30, the measure has been extended thru April 26.

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

Tuesday marks the thirtieth day of mandatory social isolation.
(END) RGP/MVB

Published: 4/14/2020
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