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Today Congress is debating an additional loan requested by the government, what does that mean?

The Economy Secretary notes that when Congress approves the additional loan, we will have more resources to deal with the current emergency. | Fountain: Andean

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The Congress of the Republic agreed today to expand its agenda to discuss Bill 4482, proposed by the government, which needs approval. additional credits to restore the economy.

The executive branch’s request already got the green light from the Congressional Budget Committee a week ago, and now Economics Secretary Alex Contreras will appear in plenary, but what is being asked?

The additional loan originally requested is over S$8,232 million for emergency relief in the face of a possible coastal El Niño event and economic recovery, as it aims to cover the needs of organizations such as Indeci, Senamhi, Cenepred, “which exceed the amount which we currently have in reserve in case of unforeseen circumstances.

Among other measures, payment extraordinary bonus 500 balances in favor of the administrative staff of the education sector, regional education departments, local governments and educational institutions of regional authorities.

Likewise, as at 31 December 2022, S$1,000,000,000 is provided for the payment of judgment provisions, mainly for class preparation.

Another point for funding is the payment of financial compensation to medical personnel from the Ministry of Health, which implies an amount of SGD 462 million; and more than S$560 million will also be allocated to social programs and the creation of temporary jobs.

For creating Positions SGD 123.6 million will be allocated to the Luravi Peru Interim Program and, in the case of social programs, funding has been approved to deliver food to more than 730,000 vulnerable citizens and SGD 100 million will be allocated to the program. “A glass of milk”.

SGD 350 million will also be allocated to the massive use of natural gas and access to liquefied petroleum gas, and about SGD 123 million to finance the storage of goods and assets (pipes) of the former project “Improving Energy Security and Development of the Country”. South Peruvian gas pipeline.

On the other hand, congressmen rejected additional credit in the amount of SGD 7.9 million for the Ombudsman’s Office, which sought to fund the oversight, monitoring and execution of the investment project “Improvement of the Attention Service of the Decentralized Office of the Ombudsman’s Office, La Libertad Headquarters”.

Source: RPP

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