López Obrador celebrates poverty reduction and promises a 25% increase in the adult pension

The Mexican President, Andres Manuel Lopez Obradorcelebrated days after completing his fifth year in office that his social support policy has managed to reduce poverty and inequality, and recalled that he promises a 25% increase in the pension for the elderly in 2024.

“That is Mexican humanism: those below are up, privileges are down. For the good of all, first the poor”he assured in a video shared as part of the commercials prior to his fifth government report as president of Mexico.

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Lopez Obrador He also celebrated the historic sending of remittances to Mexico by compatriots abroad among the factors that have managed to alleviate poverty in Mexicoprior to his fifth government report, in which he presents a management balance sheet.

In the first half of 2023, remittances received in the country amounted to 30,238 million dollars, while a report by BBVA Mexico estimates that they could reach 63,700 million dollars at the end of the year, an increase of 8.9% compared to 2022, when 58.510 million dollars were raised.

“It has been proven that support for the countryside, welfare programs, the increase in (minimum) wages, what our migrant countrymen send to their families, have reduced poverty and inequality”he said in a first video shared on his social networks.

According to official figures, in the country 8.9 million Mexicans were lifted out of poverty and 1.7 million out of extreme poverty, according to the latest measurement of the National Council for the Evaluation of Social Development Policy (Coneval).

For his part, he recalled that since his tenure as head of the Government of the then Federal District, today Mexico City (2000-2005), he implemented a pension for the elderly, a program that he has guaranteed in the Constitution through a reform in his mandate as president of Mexico.

About the so-called “welfare pension”, Lopez Obrador He insisted that in 2024 a 25% increase in support will be applied, amounting to 4,800 pesos (about $282) every two months.

This would mean an increase of 1,200 pesos (70 dollars) to total a pension for each Mexican adult over 65 years of 6,000 pesos every two months (352 dollars).

“My father was happy when his social security pension arrived, I keep that very much in mind”he recalled in a second audiovisual.

The Mexican president reported that currently receiving this pension are 12 million older Mexican adults who receive the welfare pension.

“And next year the pension will increase 25%”he concluded.

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Source: Elcomercio

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