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Chile's President Seeking Full Congressional Support for Coronavirus Stimulus
Package

VOA News

   Chilean President SebastianPiñerais hoping his second economic
   stimulus package proposal to help middle-class citizens impacted by the
   coronavirus lockdown gets the full backing of the Congress.

   His initial $1.5billion proposalfailed to generate enough support from
   the Chilean Congress last week.

   In a televised speech,Pinera said his latest proposal delivers
   financial contributions directly to the middle class.

   Piñera'snew stimulus package also has credit extensions,
   rentsubsidiesand loans to help pay for college.

   Piñerahopes his proposal will counter an initiative by the opposition
   that would allowpensioners towithdraw 10 percent of their savings from
   a total of 200,000 dollarsinChile's Pension Funds Administrator.

   The oppositionarguesPiñera'sproposal is costly and would burden the
   middle class with unnecessary debt.

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