BUENOS AIRES, Oct 31 (NNN-MERCOPRESS) — Argentine President Alberto Fernandez signed a decree that extends social welfare coverage to one million more children and teenagers.
The government is allocating Universal Child Allowance, which amounts to 30 billion pesos (some US$ 383 million), to expand the program. The allowance contributes 3,540 Pesos (some US$ 45) per child to needy households.
When the plan was first launched 11 years ago, “it was something revolutionary in social security in Argentina. It marked the first time that a plan was universalized to protect the most vulnerable children, and that plan has worked very well, reaching those who need it the most,” said president Fernandez.
The program currently covers 4 million minors up to 18 years of age whose mother or father is unemployed, or doing informal jobs, or belongs to vulnerable groups.
