Inicio Ultimo Momento The Coronavirus Fund was unanimously approved

The Coronavirus Fund was unanimously approved

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The House of Senators, with 30 votes in 30 legislators present, passed the bill that the executive had submitted to establish the creation of the Coronavirus Fund, the instrument that the government plans to use to finance and implement economic and social measures to alleviate the effects of the pandemic in Uruguay

The text has undergone some changes and the Broad Front's proposal to extend 20% pay withholding to political wages over the five-year period was rejected by the majority and criticized by the ruling party, which noted "unconstitutionality" and "political pettiness." "on initiative.

The most important change is that it shortens the time it takes for the executive to extend the taxes that the project sets for wages and retirement. The original text states that the government can extend the measures for up to three months, but the broad front believes that this time cannot be extended for two months.

These changes were agreed in the Finance Committee and ratified in the vote.

The project provides for a pay cut for government officials, departmental governments, autonomous institutions and decentralized services, as well as a public and private retirement tax exceeding $120,000 in nominal pesos.

According to the project, a 5% fee will be applied to wages and retirees from nominal $120,000 to $130,000 and 10% from $130,000 to $150,000.

While those who receive between $150,000 and $180,000, the applicable rate is 15% and those with the highest amount of 20%.

Under no circumstances will taxes be imposed on wages not exceeding $80,000 in monthly liquid weights.

The text goes to the Chamber of Deputies, which will vote on Thursday.

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