Four out of every ten people in Cusco are poor despite the fact that in the last fifteen years in the region there has been an investment of around 80 billion Soles.
La República reports that some of the problems people currently go through are the lack of access to basic services, mainly in the rural areas. Also, most of the people live with a monthly income of 338 Soles and don’t have access to health, water, education, and clothing.
“The economist José Orós says that if things do not change, multidimensional poverty will grow between 1% and 2% per year”, you can read in the story published by La República.
This region has received large investments from the government. From 2004 to date (including this year’s budget), almost 80 billion Soles were spent, almost the equivalent of the national budget for 2010. So, why is there so much poverty?
“Several specialists agree that the money was lost in corruption, poorly done works and excessive bureaucracy”, wrote La República, adding that there has been a misuse of the money in unuseful works or that were not priorities, such as stadiums, bullrings, municipal palaces, and swimming pools.
The economist José Orós says that much of the state money is lost in the payment of bribes, budget increases, and addenda. “It is an evil that has contributed to regress in growth and struggle against poverty”, he told La República.
Another factor considered as a cause of the increase of the poor, economists say according to this media, is the neglect of investment in productive projects. “The tourism and agricultural sectors, which generate the most jobs, were left aside”, they wrote.