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In the absence of a tax reform, the Treasury contemplates layoffs

August 23, 2018 by Staff News Writer

Minister of Finance Rocío Aguilar said they are going to have to reduce the number of employees, as one of the alternatives contemplated by the Executive Power after the legislator eliminated the basic basket and private education from the 2% of the value added tax ( VAT).

What we can’t achieve with this project, we must compensate, either by reducing expense transfers, or making changes in remunerations; this does not mean we’ll reduce salaries, but we will have to reduce the number of employees,”

said Aguilar.

After the decision by the legislators, the State will stop receiving 91 billion colones.

The turn in the negotiation of the fiscal package in the Legislative Assembly took place after the liberationist deputy Gustavo Viales supported the motion promoted by the bench of National Restoration.

crhoy.com

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