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Today the idea of legislating a second withdrawal of 10% of pension funds is voting in the Constitutional Commission of the Chamber of Deputies. In the middle of the session, the Minister of Finance, Ignacio Briones, made a presentation where he stated that “Chile wants a new Constitution and wants it to be drawn up by people elected for that purpose.”
However, he pointed out that “the constitutional reform that is discussed here, I want to say it clearly: it is a way of creating a Constitution without following the norms that the Constitution itself establishes to be reformed, through a loophole, because we all know that the ideas that are proposed here, generate fiscal spending, and it is a permanent fiscal expense ”.
In that sense, he commented that the first withdrawal of 10% means for the Treasury “more than US $ 3,400 million in direct spending, without ignoring the tax issue, which is quite questionable, by the way, that withdrawals are made without paying taxes and allowing investments in APV with tax exemptions. The second withdrawal is US $ 2,800 million ”.
In this regard, he added that “this is a permanent expense for the Treasury, for all governments, for a whole generation. So, it seems that this loophole goes against the exclusive prerogative that the Executive has in this matter, the same in those questions that deal with social security ”.
Briones continued commenting that “both matters, I insist, are the exclusive initiative of the President of the Republic, in a presidential regime. Regime that of course is subject to scrutiny in a new Constitution. That is the whole point, that is subject to scrutiny, analysis, discussion, in a new Constitution, in the constituent process. But today we have the Constitution that governs us, and then I wonder, if it seeks to modify the Constitution without following the rules, the spirit of the constitutional reform rules, and addressing matters that the Constitution itself has established as exclusive matter, it seems to me to me that there is a reasonable question: if what is done in the end is not creating a new Constitution, and as we already said, in the unequivocal sign of the vote this Sunday, to create a new Constitution, the citizenship he has spoken loud and clear, and has said that he wants new actors to write it ”.
