This Tuesday the public hearings begin to define the new gas and electricity rates

As part of the agreement that the Government established with the IMF (International Monetary Fund), it must re-segment the subsidies that it provides for gas and electricity rates, for which there will be public hearings from this Tuesday.

In total, there will be three public hearings successive steps to define the price update and the new subsidy segmentation, so whatever is defined in the days it will also be key for inflation in the coming months.

This Tuesday the public hearings begin to define the new gas and electricity rates — Rates suffered an increase in March.

In this regard, the Government indicated that during the public hearings are expected to establish “reasonable rate levels that can be applied with criteria of justice and distributive equity”.

Although the increases will take effect from June, the Executive Power expects that they will be given gradually and that the subsidies will reach the most vulnerable families.

The Government needs to reduce its fiscal deficit.

For this, the Ministry of Economy established a series of criteria to define who would no longer receive the economic benefit; among them, those who have incomes greater than 3.5 total basic baskets (CBT).

This, since the Executive will establish the new segmentation, according to the payment capacity of each user, which indicates that 921,778 users of electricity and 760,600 of residential gas will no longer receive the subsidy.