translated from Spanish: Government lamented retirement approval of 10% of AFPs and said middle class plan is “superior”

20:34
The Minister of Finance, Ignacio Briones, said that he “made the short term” and that “it is incompatible to advocate for the improvement of the pension system and at the same time propose a reform that weakens it”.

The Minister of Finance, Ignacio Briones, regretted that the Chamber of Deputies generally approved the project that allows the withdrawal of 10% of the pension funds. ”
“As a government we have said time and time again, that we think it is a bad idea and we regret the outcome of the vote. The short term has prevailed,” the Treasury owner said.
The minister also said that “we have been debating how we improve the pension system for years and it is incompatible to advocate for the improvement of the pension system and at the same time propose a reform that weakens it. It’s one thing or the other. The pension system cannot be strengthened while weakening it.”
“We want to insist on the proposal for the middle class’s plan of measures. We consider it superior to this measure. It has higher coverage, proposes a solidarity loan by the State, where there is no banking, which allows people who use the benefit to return it on soft terms, in four years and to the extent that their income allows it. It’s superior, it benefits better,” Briones said.

Original source in Spanish