The item of the National Budget of Family Allowances, such as the salary per child or prenatal, It is one of the items with the biggest adjustments have had in the past 12 months.
According to the Congressional Budget Office (OPC), spending on Family Allowances for active workers had a real reduction year on year in February of 56.4% “performance value upgrade product below inflation (72.5% vs 100.7%)the decrease in the supplementary monthly payment paid in October 2021 and the reduction in the number of benefits, due to the policy for updating the maximum access limits to the benefit, which will only have an impact in March.
No other article of Social Security has had a loss of this magnitude. Meanwhile, AUH (Universal Child Allowance) decreased by 2.7% year on year, due to the update of the value of the benefit under inflation.
forward, partially this has been corrected because since March the salary cap has been raised, from $158,366 to $404,062 gross– which entitles the family salary to be collected but what was lost in these 12 months has not been repaired.
Therefore, although the measure allows the parents of more than 900,000 children to get back the child benefit they were losing due to not adjusting the ceiling for 12 months, the amounts of those benefits have not been updated and will continue to accrue a heavy loss against inflation
The benefits of the system have four bands based on family income and are adjusted every 3 months, based on pension mobility. New values debut in March and are maintained in April and May.
Consequently, in 12 months, the family allowance has an increase of 79.9%against an inflation which when the benefit is collected – from March to May – will exceed 105%. represents a 15% loss. which adds to the setback they have had in the last 4 years and which has been of the order of over 25%.
Family benefits: losses against inflation
For the lower salary brackets, the current loss is greater because in 2021 and 2022 these scales had additional family wages, supplements or reinforcements for multiple months that were not integrated into the benefit and were not extended.
As a result, starting this month, the first band receives $11,465, when in March 2022 the benefit was $6,375 plus a complement of $3,751. In total $10,126. Relative to the $11,465 to be raised since March, that represents an increase of only 13.22% over inflation above 100%.
Grade 2 charges in March $7,732 versus $4,300 plus a $2,530 plus. In total $6,530. This equates to an 18.4% increase in 12 months.
Level 3s will receive $4,675 per child from March compared to $2,599 (+79.9%) in March 2022 and Level 4s will receive $2,410 compared to $1,339 (+79.9%) a year ago, in both cases for a lower than the previous year’s increase in prices.
The setback of low-income workers is even greater since at the beginning of September, according to decree 578/2022, The reinforcement was raised to $20,000, but only for 3 months: September, October and November 2022.
Thus, this extra aid stopped being paid in December, and the family wage per child for low-income earners dropped to $10,126. And now, in March, it just climbs to $11,465.
According to ANSeS, since March 2.9 million fathers or mothers with a registered job out of 4.4 million boys and girls have received family allowances.
Above From the new limit of $404,062, the father or mother can deduct their children a sum of the taxable income tax base.
On the other hand, an additional 2.3 million informally working or inactive fathers or mothers out of 4.5 million boys and girls receive AUH in an amount similar to that of Rank 1 ($11,465 per child) in addition, according to the age ranges, the paper food.
NS
Source: Clarin
