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On Thursday night, after the cabinet council and from the Palacio de La Moneda, Finance Minister Ignacio Briones announced that the Budget Law for 2021 it will have particular emphasis on the recovery of jobs and the reactivation of the economy.
In addition to this, he stated that fiscal situation is dramatic since the country’s income is not enough to cover the expenses derived from the economic crisis derived from the pandemic.
Therefore, looking at the scenario that crosses the country, the guardian of the public wallet cataloged the next Budget as a “very important milestone”, with a special stamp “typical of the moment we live in”.
“This Law will be of Budget of work and reactivation, which are the main priorities and challenges that lie ahead ”, he commented.
At the same time, Briones recalled that the health crisis has triggered the loss of two million jobsTherefore, the next Budget will have to take care of that with “promotion of private investment” and an “ambitious program of employment subsidies”.
“This year has been difficult”
In his address to the press from the Government House, the head of public finances stressed that 2020 has been complex.
“This has been a difficult fiscal year. Like Chilean families, Treasury revenues have fallen sharply and our expenses, in an extraordinary way due to the pandemic, have increased, which is what corresponds “, he started.
“Specifically, today out of every $ 100 we are spending $ 150. That $ 50 is a deficit that is historic, that we haven’t seen for decades, particularly since the 1970s, “he continued.
Despite all the above, Briones assured that the next budget item will not bring reductions, although he did make it clear to his co-workers that the money to be allocated must be used wisely.
“We will maintain the fiscal impulse in 2021, which is also going to be an extraordinary year, where our fundamental challenge is to recover our jobs and economy ”, he stressed.
“Although the budget is not going to decrease, we have demands extraordinary events aimed at the recovery of employment and that focus forces us to prioritize our Budget ”, he added.
“It’s what any family that listens to us does: when conditions and scenarios change and are adverse they redirect their expenses and there is no reason why the State should not do the same ”, he closed.
Prior to Briones’s intervention, the spokesman Minister Jaime Bellolio and his Interior counterpart, Víctor Pérez, spoke, who reported that the entire cabinet agreed to persecute with all the rigor of the Law those who want to sow “terror and violence.”
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