House of Representatives approves finance bill, opposition criticizes optimistic assumptions

House of Representatives approves finance bill, opposition criticizes optimistic assumptions
Friday 11 November 2022 - 15:34

The government majority in the House of Representatives passed on Thursday the Finance Bill for the year 2023, before it’ll be presented to the House of Councillors for discussion before final approval.

Of the 225 deputies who were present, 175 voted in favor, 66 voted against, and two abstained. 

Majority teams in the House of Representatives renewed their defense of the Finance Bill, calling on the government to inform it of the measures to activate it on the ground.

Despite the majority’s support for the Finance Bill, the Authenticity and Modernity team criticized the prime minister’s absence from the voting session on the bill. 

The opposition groups renewed their criticism and rejection of the contents of the Finance Bill of 2023, saying that it was “built on false, unscientific and optimistic assumptions.”

They said  the government will not be able to implement a plan to reduce the inflation  rate to 2 percent, because the national economy is linked to the sharp fluctuations of the global market.

The socialist group called for prioritizing the social aspect, fighting corruption and rationalizing the disbursement of public money.

The Progress and Socialism team considered that the Finance Bill does not carry measures to confront the deteriorating economic situation, high prices, and bankruptcy that threaten small businesses, criticizing the increase in tax from ten to twenty percent.

The Parliamentary Group for Justice and Development said the draft law that did not include practical measures for what citizens suffer as a result of drought, high prices, poor services and lack of employment opportunities, considering that the government’s failure to come up with practical solutions will lead to the middle class’s decline towards further deterioration.

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