Surrender: vote in committee ended and additional to the Solidarity Fund was repealed

The Budget Commission integrated with the Treasury of the Senate finished voting the Rendering of Accountsthat It will be discussed by the full chamber starting Monday.

This Thursday, in addition, the senators unanimously approved (16 votes out of 16) the article that raises the repeal of the Solidarity Fund Additional from the University of the Republic (Udelar).

It is expected to be a gradual derogation, which will reach 50% of the fund for 2024; this equates to $280 millionas Senator Jorge Gandini explained to The Observer.

In agreement with the nationalist legislator, it was agreed approve a budget item of $280 million to balance the tax paid by university professionals. This extra money will cover the 50% repealed until 2024.

Secondly, the remaining 50% will remain in the hands of the next legislatureGandini said. In the next Budget Law, which will govern from 2025 to 2029 for the years 2026 and 2027, the items equivalent to the Udelar Solidarity Fund must be evaluated. However, “the next Parliament does not have to obey that,” stressed the senator.

“If you don’t obey it, Udelar doesn’t lose, because 50% was repealed and you already receive 50%. If the next Parliament repeals 50%, it compensates with an item in the next budget that surrender“, plot.

In any case, having voted unanimously in this instance, it is understood that the entire political system agrees that the repeal process be continued in the next budget, Gandini added.

How is it financed?

The $280 million obtained in the budget item to offset the repeal of the Solidarity Fund they come out of a reduction in the increases that were generated to pay for public-private participation projects (PPP). “These PPPs are paid in annual installments planned by the budget; there was a reserve to pay the PPPs that is greater, but necessary”, maintained the senator.

In this way, This budget includes that article that reduces the amount available to pay the PPPs and, with the difference, the $280 million are financed.

“That is to say, it is within the budget itself. […] there is no increase in spendingthere is a reassignment that does not come from any body but from a credit that was with an object that was overvalued, “said the legislator.

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