Kalabarg Credit Increased; Cost of 11-Item Basket Reaches 4 Million Toman

A 500,000-toman increase in Kalabarg credit took effect in Mehr, yet calculations show the cost of an 11-item basket of essential goods still falls largely on households: the 1.5-million-toman credit per person covers only part of the basket's actual cost.

The increase of 500,000 tomans in the credit of Kalaberg started in October, but the calculations of the cost of the basket of 11 items of basic goods show that a significant part of the purchase cost is still borne by the household; So that the credit of 1.5 million tomans per person covers only a part of the actual cost of this basket.

Sefir Arjan-Economic Group: The increase in credit of the electronic invoice was finally implemented in October after its amount remained constant for months. According to the new decision, the credit of Kalaberg for the first group of beneficiaries has increased from one million tomans to one million and 500 thousand tomans; An increase that is equivalent to 50% growth of the previous credit.

However, the review of the cost of basic goods in the middle of October shows that the gap between the support credit and the actual cost of food basket is still significant. Based on the calculations, the cost of preparing a basket of 11 items of basic goods for one person has reached about 4 million and 127 thousand tomans.

In this calculation, the price of goods such as rice, meat, chicken, milk, cheese, yogurt, eggs, oil, beans, pasta and sugar is considered. Of course, part of the prices used are related to fruit and vegetable markets, and it may be more expensive for the household to buy the same goods from other stores.

With the cost of about 4,127,000 tomans, the previous credit of one million tomans covered only about 24.2% of the cost of this basket.

After increasing the credit to one million and 500 thousand tomans, the amount of coverage reaches about 36.3%. In this way, the increase of 500,000 tomans in credit has caused an increase of about 12 percentage points in Kalaberg's share of the cost of this basket.

However, a person who receives a credit of 1,500,000 Tomans will still need to pay about 2,627,000 Tomans from his own resources to provide all the amounts considered in this basket.

Examining the details of the costs shows that some major items alone consume a significant portion of the product credit.

For example, the cost of buying two kilograms of Iranian rice is estimated at 845 thousand tomans. Half a kilogram of frozen veal costs about 772 thousand 500 tomans.

The total price of these two pens is about 1 million 617 thousand 500 tomans; A figure that is even more than the new credit of one million and 500 thousand tomans. Meanwhile, the cost of other food basket items has not been calculated yet.

If we consider the calculated cost for one person for a family of four, the cost of preparing this 11-penny basket reaches about 16,510,000 Tomans.

On the other hand, if one million and 500 thousand Tomans are allocated to each family member, the total credit of a family of four will reach 6 million Tomans.

Therefore, such a family must pay another 10 million and 510 thousand Tomans from their personal resources to provide all the amounts considered in this basket.

Of course, this figure is only related to 11 selected product groups and does not include costs such as bread, fruit, vegetables and other food items outside of this basket. Also, the costs of housing, treatment, transportation, education and other household expenses are not included in this calculation.

One of the important points in examining the effect of increasing credit is to compare it with the growth trend of food prices. The credit of one million tomans remained constant from January 1404 until the increase in October; While the price of many basic items increased during this period.

According to the statistics cited in this report, the point-to-point inflation of food, beverages and tobacco had reached more than 121% in September. Therefore, a part of the new increase of 500,000 Tomans can be considered in the context of compensating part of the reduction in the purchasing power of the previous credit.

Of course, a direct comparison of the spot inflation rate with a 50% increase in credit alone cannot determine the exact amount of decrease or increase in the purchasing power of merchandise; Because these two indicators have different time periods and calculation bases.

The more important issue is the continuation of this support and how credit is adjusted against the change in the price of basic goods. If the price of basket items continues to rise but credit remains stable for a long time, the gap between government support and real household spending will widen again.

Finally, the increase of 500,000 tomans in the shopping cart has made it possible for the beneficiaries to buy more, but the calculations of the cost of the food basket show that the credit of 1,500,000 tomans still covers only about a third of the cost of the 11-penny basket, and the majority of the cost of purchasing these goods will still be borne by the household.

Volt announced the new condition for increasing Kalaberg credit for about 40 million people. According to the announcement of the Program and Budget Organization, the heads of applicant households must complete the self-declaration form and register the application in the national window of smart government services.

The credit increase of the electronic invoice was started with the aim of supporting the livelihood of low-income families, and a group of beneficiaries benefited from the new credit. According to the announcement of the Deputy Ministry of Cooperation, Labor and Social Welfare, in the first stage, 500 thousand Tomans will be credited to the Kalaberg account of 11 million people.

The amount of the electronic invoice in Mehr 1405 may increase; However, the government's final decision on the amount of credit increase and the addition of new items to the Kalaberg basket has not yet been announced. The manager of the Kalaberg plan has announced the continuation of the investigations, and the head of the program and budget organization has also announced plans to increase the credit of Kalaberg for about 40 million people in October.