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August 29, 2014
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Gov’t expects Congress to pass pensions moratorium

The Cabinet Chief Jorge Capitanich said the government is expecting the Congress to pass the bill sent last month by President Cristina Fernández de Kirchner to implement a moratorium on pensions to extend coverage of the federal pensions system, as a main part of federal stimulus to encourage economic activity in the second semester.

“We are expecting the Congress’ preliminary approval of the pensions [moratorium] in order to reach almost 500,000 people that have not been included in the previous moratorium,” he said about a bill that seeks to achieve universal coverage.

Capitanich pointed out that the bill, if passed, will turn Argentina into the country with the widest coverage not only in South America but worldwide.

The Kirchnerite Official also referred to other government’s stimulus that he said will help guarantee an increase in economic activity for the second semester, such as the Progresar programme aimed at helping youths to finish their studies, the raise in the Universal Child Allowance (AUH) and the most recent Procreauto credit scheme that seeks to stimulate demand in the affected auto sector.

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Tags:  Capitanich  pensions  moratorium  CFK  Congress  economy  Argentina  





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