Venezuela's statistics institute trumpets reduction of structural poverty
The president of the Venezuelan National Statistics Institute said that poverty ended at some 6.5% in 2012, based on preliminary results
"The number of non-poor climbed from 67% to 75.43% whereas that of the poor slipped from 21.64% to 17.60%. In the meantime, extreme poverty dropped from 11.36% to 6.97%," Eljuri stressed.
The president of the statistics institute rejected academic reports suggesting that poverty has not been cut in Venezuela. Elijuri said such reports were questionable.
Elijuri noted that poverty may end at 6.5% in 2012, based on preliminary results.
He underscored that overcrowding was cut down from 15.12% to 10.0%; inadequate homes, from 9.38% to 8.69%; and homes without basic utilities, from 14.69% to 8.68%.
The official attributed the results to better life conditions and the incorporation of new dwellings in 2012.
Translated by Jhean Cabrera
President Nicolás Maduro is not only the heir to the throne, but also to an economic crisis which demanded urgent measures to rectify the course. The crisis showed up in two aspects: a 50% inflation estimate, and shortage of staples ranging between 70% and 98%. These issues might hit the President's poor popularity; considering his feeble electoral victory of 1% over his challenger.