Assembly overcomes Bukele’s veto on minimum pension funds and mayors | News from El Salvador

Once the vetoes have been overcome and if President Bukele rejects him again, they must be sent by the Executive to the Constitutional Chamber which must decide on the controversy,

The assembly on Wednesday overturned three vetoes by President Nayib Bukele, the main one in terms of the $ 250 million loan with the Inter-American Development Bank (IDB) that allows financing the increase of the minimum pension from 207 to 304 USD per month and for projects municipal development.

Another decree is a $ 50 million loan to complete the payment of the COVID-19 vaccine.

AND: If the government has moved funds from the budget elements to increase the minimum pension, it is “illegal”, say deputies

Once the veto has been adopted and if President Bukele rejects it again, it must be sent by the Executive to the Constitutional Chamber which must decide on the controversy, either in agreement with Bukele or the Assembly.

“We will cancel the veto to guarantee that increase in the minimum pension so that it is not underfunded throughout the year and that later this government, as usual, says that it needs more funding,” he said. previously the FMLN deputy. , Yanci Urbina.

According to him, the budget for 2021 approved by the Assembly is financed, but with the veto that Bukele gave to the IDB loan funds for 250 million dollars, he unbalanced it.

SEE: The Treasury will pay an increase in the minimum pension with savings funds for a lifetime pension

Of this loan, another $ 125 million is earmarked for municipal development projects, which is one of the arguments of Finance Minister Alejandro Zelaya as to why the presidency decided to veto it. According to Zelaya, opposition MPs are seeking resources for the election campaign, which was rejected by mayors in the Assembly on Wednesday.

The municipal chiefs asked the deputies for their support to interrogate the finance minister precisely because he had not paid the 8-month Fodes last year. Mayor Antiguo Cuscatlán, Milagro Navas, and President Comures rejected Zelaya’s criticism.

Congressman Norman Quijano of ARENA said that in order to give stability to the nation’s spending this year and the budgetary balance the budget needs, it is necessary to overcome Bukele’s vetoes.

SEE: Nayib Bukele increases minimum pension without securing funds

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