Finally, the Plenary of the Congress of the Republic approved the Bill 4482presented by the Executive Branch, which proposes to approve supplementary credits for more than S/8,232 million to finance higher expenses within the framework of economic reactivation.
In the early hours of this Friday, April 14, the initiative presented by the Ministry of Economy and Finance (MEF) Exactly one month ago, it received the go-ahead with 68 votes in favour, although with modifications proposed by the Budget Committee. Pursuant to Article 78 of the Rules of Congress, this approved project does not require a second vote.
“The demands for the emergency already exceed S/4,000 million. We are meeting these demands through the contingency reserve and budget reallocations, but the impact that this supplementary credit will have will be key,” said Minister Alex Contreras in turn.
During his presentation, the head of the MEF revealed that the costs for the reactivation amount to more than S/7,840 million. Precisely, part of this amount should be financed with S/4,382 million allocated by this law.
To reactivate the family economy, an injection of S/2,013 million is considered, with the payment of outstanding debts to 100,000 teachers and massification of natural gas and access to LPG. In addition, the delivery of food baskets to vulnerable populations and the generation of 50,000 temporary jobs, among others, are proposed.
As for the reactivation of regions (S/2,144 million), it is planned to execute targeted investment projects and, at the sectoral level (S/225 million), spending will focus on tourism, agriculture, and care for the environment.
Source: Larepublica
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