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Bolsa Família is an social program which aims to redistribute income to people in situations of social vulnerability. Today (20), the program celebrates 20 years of existence and, according to the World Bank, Bolsa Família has an impact not only on the lives of families but also on the country's economy.
Therefore, see below the impacts caused by the social program on the country's economy according to the bank's study.
Positive impacts of Bolsa Família
The income distribution program has positive results in consumption, the number of bank accounts, tax collection and even job creation.
Thus, according to the research, for every dollar invested in Bolsa Família, the program returns US$ 2.16 to the local community. See below some of the impacts caused by the program:
More jobs
World Bank senior economist Joana Silva highlights that part of this return is directed to people who do not receive payments from the program. In other words, a large share of the jobs created went to non-beneficiaries.
She also points out that this result was not expected, but that it did in fact happen, since job growth is related to the greater purchasing power of Bolsa Família beneficiaries.
In other words, families that previously had little purchasing power now have more opportunities to buy products or pay for services. According to the study, 54% of these families’ consumption was on services.
Increased purchasing power
As mentioned before, with the amount, beneficiaries can consume more, which is highly advantageous for the economy. This is because the amount invested in program returns as beneficiaries spend on consumption, as Joana Silva explains.
Who can receive Bolsa Família payments?
Bolsa Família is intended for low-income families with a monthly per capita income of up to R$ 218. In addition, they must be registered with CadÚnico and meet the necessary requirements, such as:
- School attendance for children and adolescents aged 4 to 17;
- Prenatal care for pregnant women;
- Nutritional monitoring for children up to 7 years old;
- Up-to-date vaccination schedule.
Image: MDAS/Disclosure
