This Monday, December 2, the financing law suffered a new setback in the face of eventual approval, because the paper for debate was not filed.
(Read: Financing law would be left with no other option than to go to extraordinary sessions).
The filing of the initiative, with the new adjustments, had been scheduled for this Monday, but only 7 speakers of the 40 seeking approval in Congress attended.
The delays in filing delay the processing of the project with which the Government seeks an additional 12 billion pesos for the budget and put the speakers in a race against the clock.
Although this proposal is a necessity for the National Government, The delays are running out of time for its debate, so everything indicates that its future will be defined in extraordinary sessions..
(See: Financing Law: the effect that the proposal would have on the income tax return).
The president of the Senate, Efraín Cepeda, said this Monday as he left Congress that there is not a good environment to carry out the financing law proposed by the Government.
“The speakers have not been able to agree after many sessions and today, which was the final one, there is no presentation. I don’t know if there will be tomorrow (…) that is the complexity”Cepeda told journalists.
Time trial
It should be noted that the ordinary sessions of Congress go until December 16, that is, there are less than two weeks left for this branch of public power to go on vacation and unless extraordinary sessions are called, The times do not add up to process the four approvals that are needed, in case the joint sessions are not formalized.
(Besides: Quota for works due to taxes, in suspense due to cash squeezes).
Sources familiar with the matter stated that the speakers have not reached an agreement because the arguments of the Ministry of Finance in favor of the project are not convincing and the warnings regarding the fiscal effects that have been warned since its announcement have been echoed.
The financing bill seeks to raise $12 billion pesos to complete the operating and investment expenses budgeted for next year.
The urgency for this proposal to go ahead is such that the Government has even warned that if it does not pass, the resources to carry out development in the regions would be put at risk, a sentence that is not minor in these times of marked economic slowdown. .
PORTFOLIO
