Focus on the gas subsidy, key to maintaining the price

Fuel tank subsidy There will be £25 left overHowever, the Ministry of Economy and Finance considers it necessary to review who benefits.

Héctor Alexander, Minister of the MEF, denied that the 2024 budget is considering the abolition of this subsidy. According to the official, it is a big task how to direct this help.

For his part, the Deputy Minister of Economy, Carlos González, admitted that in recent days there has been confusion over this issue, which may have resulted from recommendations to redirect financial aid to those who need it most.

“Nowhere in the 2024 budget project is the elimination of this subsidy included. There is probably a misunderstanding of something that was very precisely said about the need to re-target the way the subsidy is given,” González said.

In this regard, the official emphasized that it is no secret that barbecues and other businesses take advantage of this. subsidy.

He also questioned the owners of beaches, land and luxury housingwho, despite having the means, use this financial support.

“They use a small container when they have to pay the right price. It is important that it reaches those who need it,” he explained.

With the subsidy, a tank of gas has a base price of $4.37, while without it it would cost about $15.

Deputy Benicio Robinson, for his part, pointed out that this aid must be maintained, but he appealed to direct it to people in real need.

“It has to have some limitations. It is not possible for a tank, whose subsidy is more than 10 dollars and which is intended for those who do not have resources, to be used for work,” said Robinson.

The subsidy for gas tanks has existed for more than 30 years and annually represents an average cost of 90 million dollars.

Source: Panama America

Jason

Jason

I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people's lives. I also write about current trends in economics, business strategies and investments.

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