translated from Spanish: Former Finance Minister raised that if AFP funds are approved, the government should veto it or take it to the TC

Former Finance Minister Felipe Larraín referred to the bill that would allow 10% of the funds to be withdrawn from the AFPs, ensuring that the Government should send it to the Constitutional Court or veto it. In this regard, he argued that these options are “within the Powers of the Chair and, being aware of his account, the Government should resort to one of these bodies should the project be approved.” Many MPs who support this initiative seem to have been guided primarily by their popularity in polls and social media,” he added to La Tercera, adding that “the project is moving forward and – if approved – we don’t know how much it will cost the country or who will pay its costs.” As the measure is raised, it is regressive in providing that withdrawals are tax-exempt and leaves unresolved the way resources are to be restored, which may mean strong future fiscal pressure.” Regarding the vote, he said that he hoped that “technical arguments have more weight in the Senate and that is why I think the possibility of having a good, high-minded debate can never be missed (…) Let them look not only at good intentions, but by the consequences and the alternative paths.”

Original source in Spanish