translated from Spanish: Minister of Finance for common lows: “These processes have their times and it is often not good to rush them”

Although La Moneda sought to close an understanding before the election with the opposition on the agenda of common lows, following yesterday’s conclave of the center left, the Executive assumed that a possible agreement will be post-election, given the lights given by Senate President Yasna Provoste, who assured that the counterproposal hopes to deliver it “in the early days” of next week.
The Minister of Finance, Rodrigo Cerda, in an interview with La Tercera, also recalled that it is a district week. “I think it’s good, because we’re going to have a little more time to talk about the proposals. For the government the sooner we have that better agreement, but these processes have their times and it’s often not good to rush them,” he said.
One of the issues that was put on the table in the opposition conclave was to expand aid even outside the Social Register of Households, coinciding with the need for the amounts to be above the poverty line, considering $600 thousand for a family of four. Currently the IFE delivers $400 thousand, below the $460 thousand that determines that criterion. In this line, Minister Cerda said that the current instruments could be refined, but that we should discuss how to concrete it and the whole issues.
“Super-rich” and royalty mining tax projects
The Government has repeatedly made the point on the tax issue and the need for the measures to have the least negative impact possible. In this line, Minister Cerda urged the discussion to “dispassionate” the discussion on projects such as the mining royalty and the “super-rich” tax. “I think the tax discussion in the country needs to be dispassionate, because there are certain initiatives, such as the subject of royalty, which is a discussion that is taking place very quickly and without technical rigour,” he said.
On the royalty project, he specified that the bi-minister of Energy and Mining, Juan Carlos Jobet, is working on setting up a technical table to generate changes in the initiative in the Senate and reach an agreement, because in the Executive’s view the initiative sets “very high” tax rates for the mining industry. “If we don’t reach agreements and in situations like the royalty, obviously we have to exercise our powers and that means going to the TC,” said Finance Minister Rodrigo Cerda.

Original source in Spanish

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