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With the power to hike rates

Law 26 provides for three officials from the Executive to increase the taxes and rates that sustain the finances of public corporations

12 de mayo de 2017 - 9:21 AM

Archival note

This content was published more than 7 years ago.

Before this article, the law’s text empowers the committee to order the transfer to the General Fund of any surpluses arising from items in the budgets of public corporations. (Thinkstock)

By Ricardo Cortés Chico

ricardo.cortes@gfrmedia.com

Right in the middle of the 88 pages that make up Law 26 on the Compliance with the fiscal Plan, there is a series of provisions that bestow on the central government the capacity to increase rates, such as those for drinking water and electricity, and confer the authority to transfer any moneys generated by these hikes to the General Fund.