After the statements of the president Dina Boluarteformer Minister of Economy and Finance (MEF), David Tuestahe considered that there is no credibility in the MEF and that today the position is only nominal.
What has meant that President Dina Boluarte supports the eighth retirement?
This incorporates an openly populist agenda. He has made clear the sign that anything that comes from Congress will put it on the march to help his survival in a complicated electoral scenario and with a popularity that is on the floor. Three days ago the minister was in a Roadshow and told them face to the investors that this is a stable country, which will not be withdrawals.
Who will benefit from this?
Those who are in better conditions in the country, those who have that amount. Recall that currently 20% of the accounts are at zero and additional 60% have less than S/4,000. So the retirement will be for those who are not in need.
Today matters the credibility of the Ministry of Economy?
Not anymore. It has lost that credibility rapidly. Let’s talk about something recent, which is the multiannual macroeconomic framework, with fiscal goals that no one believes. The president changes his mind and the Ministry of Economy says nothing, there is no minister who renounces. Moreover, if they ask me if the Minister of Economy must resign, I say that he has already resigned, because if he is still in office, he is no longer something that position. (…) Good public policies does not mean giving money.
There are many against the entire system.
The population is already in a tremendous acceleration process of their demographic transition, there are less and fewer children and we live more and more. Today our parents live and the children help, but what happens when the family network begins to reduce? (…) If the State is the one who pays the pension, we will have to pay all of us.
What will happen to the reform?
In theory a pension system, to be pension, has to pay monthly payments. The theory also says that it has to be participatory, that is, everyone has to participate, including independents. But now comes the contrast to reality, and we must agree. Today you clearly have the risk that all the benefits that the current reform has to fall for two issues that are technically justified why they are in the reform, but that have not been explained well. Those two issues, which are that of 95.5 and the contribution of independents, could be put at rest, until a consensus is reached, otherwise there is a risk that we return to the starting point or further back.
Everything indicates that the new access to the funds is coming.
Yes, everything indicates that it is already sung, but you have to see how we avoid other withdrawals to the future because the system is complicated because it is difficult to give good profitability, invest in the long term, if I have to disin. Each withdrawal reduces the possibility of having a background that allows you to attend your old age. You have to save the reform and put at rest those aspects that require more explanation.
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