Minister of Economy: “The powers of the MEF will not be discussed”

Avoid “riots” and “population expectations” which can be generated by any initiative of the executive branch, Minister of Economy and Finance (MEF) Curt Burneo He emphatically explained that any public policy that needs to be implemented in the country will go through his portfolio before being approved and even announced.

“It was agreed that the powers of the MEF are not subject to transfer and the responsibility for managing the economy passes through this ministry. What would happen if every sector were free to represent any measures, the first thing we would have is confusion and increased expectations for proposals that were not here (at MEF),” Burneo said.

These statements were made in response to some measures described as populist and other proposals affecting the country’s economy, such as VAT reduction for restaurants. “Here, the powers of the MEF are very clear and this will be respected… Responsibility for announcements and enforcement will come from the MEF and this will not be negotiable,” he said.

For example, a few days ago Foreign Trade and Tourism Minister Roberto Sanchez announced the implementation of Reactive III for small businesses, which was ruled out by Burneo, who reaffirmed his opposition to tax breaks for companies.

“I do not agree with such a measure, but I think that it will be the first and last, I do not think there will be more, because if there are still things that I do not agree with, then obviously It makes no sense for me to stay putbut we will fight for the prudent management of public finances,” the minister said.

Regain business confidence

On the other hand, Kurt Burneo said they are looking to build trust in the business community through consistency between “what is said and what is done.” For this, He promised the transparency of all legislative measures related to the revival of the economy.

“When someone starts a reactivation plan there must be consistency, and this consistency is not determined only by MEFSince the plan, which will be presented in the coming days to the Council of Ministers, there must be unity on the part of the Council of Ministers on what is proposed, and this implies that the representative on these issues is determined by the IEF,” he repeated.