Economy Minister Paulo Guedes said on Wednesday, 13, that emergency aid provided the greatest reduction in poverty ever seen in the last 40 years. Because of the covid-19 pandemic, the government disbursed around R$300 billion in 2020 to pay monthly aid to vulnerable people. The benefit was resumed in April this year, in a leaner format and with lower values.
“Brazil spent twice as much as the average of emerging countries on social assistance. It was the biggest impact on poverty we’ve ever had”, said Guedes during an Atlantic Council event, in Washington (USA).
For the minister, direct income transfers are a solution to poverty and inequality. “Of course we have to invest in education and health (also). The sooner we invest in people, the more chances of equality (in terms of income)”, he said.
Guedes also said that the payment of the aid ended up fueling the acceleration of inflation, mainly in food and housing items. But he stressed that Brazil approved the autonomy of the Central Bank and also that the inflationary phenomenon has been observed all over the world.
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