The Minister of Economy and Finance affirmed that the current context is not adequate to authorize a new release of funds. Initiative does not benefit the most vulnerable or mypes, according to the official.
The head of the Ministry of Economy and Finance (MEF), Alex Contrerasdescribed as populist the proposal put forward by Congress to authorize a new withdrawal of funds from the Pension Fund Administrators (AFP) this year for up to S/19,800 (4UIT).
The official pointed out that the context is not adequate for the release of funds, as it was during the pandemic “because people needed to meet urgent health-related expenses.” In this sense, he stressed that currently “there are millions of people who have a zero balance in their account”, he also stressed that it must be taken into account that there will be “an important demographic change” in the coming years and that, in addition, the economy will start to recover.
“In general, those who have an AFP account, we have been doing some numbers, they are middle-income and high-income people. In that sense, this is not in favor of SMEs, of people with lower incomes, but rather creates problems important in the long term,” he told a news conference.
He also said that a new withdrawal from the AFPs complicates the fiscal policy of the MEF. For which he indicated that it was a “negative measure.” In case the Legislature approves the norm, Contreras said that the Ministry of Economy, as appropriate, will issue its report warning of the risks that this means and the potential costs for the State. “This measure does not benefit the most vulnerable or mypes, it is a populist measure,” he remarked.
Source: Larepublica
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