This Sunday, the Minister of Finance, Mario Marcel, once again highlighted the negative effects that the eventual approval of a new withdrawal of pension funds would have. This time, he pointed to the initiative would put difficulties in the development of the government program of President Gabriel Boric.
“A new increase in pension funds means a permanent increase in interest payments by the State for 2,500 million dollarsthat is, we are talking about a 60% more or less of the package that we just announced, but with the difference that it is permanent, every year”, he said.
Thus, he highlighted that the progress of a fifth withdrawal -three were approved in Congress and one was rejected- “it means that the economy is going to be weaker, there is going to be more inflation, there is going to be a financial sector in tension, there are going to be fewer fiscal resources. All those things, of course, that make the government program difficult.”
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The withdrawal project -several initiatives merged in the Constitution commission of the Chamber of Deputies- begins to be processed this week in the instance. The Executive has called not to approve it, however, it is supported by parliamentarians from all sectors. In fact, the deputy Karol Cariola (PC) has said that the Communist Party bench has not yet defined its position, despite being part of the ruling party.
“It is a decision that we have not made yet. We have already said it publiclywe are reflecting, informing ourselves, discussing”, said deputy Cariola.
This week, Minister Marcel said in an interview with ADN, what “the liquidity impact that [los retiros] he put fuel on the bonfire of inflation that already had all the international factors.”