With 21 votes in favor, one against and one abstention, the Congressional Economic Commission approved the new withdrawal of the CTS for 2024 in order to address the cost of living, which became more expensive as a result of the recession.
During the debate, Congressman Alejandro Cavero questioned the insistence on “populist measures” since it would be “mortgaging the future” of Peruvians by allowing the release of a resource that serves as unemployment insurance.
Meanwhile, the bulk of the parliamentarians present at the session considered it fair that the CTS was free to face the crisis, considering that in 2023 the GDP had its worst result in more than three decades —not counting the pandemic—. He even compared the CTS to the vehicular SOAT.
César Revilla, president of the Economy Commission, told RPP the day before that the new withdrawal of the CTS would be debated in the Plenary Session of Congress in the fortnight of May.
Likewise, he assured that the projects that asked to be added to the opinion under debate will have to be decreed before their accession. Here, parliamentarian Ilich López questioned that “beyond continuing to accumulate projects that give them a nice photo on their networks” they really care about addressing structural failures such as financial education.
They ask for incentives for the CTS to grow
Congressman Germán Tacuri questioned that there is no incentive from the banks for the CTS to grow. “If your CTS is a thousand soles, it stays at a thousand soles. The banks should tell us: leave it, and it will imply that you will earn a percentage. Which is unlikely,” he mentioned.
José Luna Gálvez also went for that angle, and assured that if they paid a 10% return to keep the CTS money, “no one would withdraw it.” He asked the bank to give “small pushes” to help Peruvians.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
