On April 12, President Sebasti\u00e1n Pi\u00f1era announced additional measures to the Emergency Economic Stimulus Plan announced on March 19. Through the Complementary Emergency Economic Stimulus Plan, the government will allocate additional resources for up to US$ 5 billion, thus complementing the initial Emergency Economic Stimulus Plant which amounted to a total of US$ 11.7 billion -which itself represented 4,7% of Chile\u2019s GDP, the largest stimulus plan in Chile\u2019s history-.<\/p>\n
In order to finance the Complementary Emergency Economic Stimulus Plan, the government also announced a US$ 2 billion cut in the public administration\u2019s budget.<\/p>\n
The Complementary Emergency Economic Stimulus Plan contemplates the allocation of up to US$ 3 billion to promote access to working capital loans for SMEs (the \u201cFOGAPE<\/u>\u201d) para fortalecer las garant\u00edas estatales de los cr\u00e9ditos comerciales para empresas con ventas anuales de hasta 1 mill\u00f3n de UF (\u201cL\u00edneas de Garant\u00eda COVID-19<\/u>\u201d), and US$ 2 billion to aid independent contractors (the \u201cProtecci\u00f3n de los empleos e ingresos laborales<\/u>\u201d).<\/p>\n
In this context, Barros & Err\u00e1zuriz developed a report with the main scope of the Plan:<\/p>\nTo review the report, click HERE<\/a>\nCheck out our Covid-19 section<\/a> for more information.","protected":false},"excerpt":{"rendered":" On April 12, President Sebasti\u00e1n Pi\u00f1era announced additional measures to the Emergency Economic Stimulus Plan announced on March 19. Through the Complementary Emergency Economic Stimulus Plan, the government will allocate additional resources for up to<\/p>","protected":false},"author":1,"featured_media":1110,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bye_card_image":0,"_bye_lawyers":[],"_bye_areas":[],"_bye_document":0,"_bye_document_url":"","_bye_document_label":"","_bye_old_id":14533,"_bye_old_path":"\/plan-economico-de-emergencia\/","_bye_translation":"https:\/\/www.bye.cl\/complementary-emergency-economic-stimulus-plan\/?lang=en","footnotes":""},"categories":[1],"tags":[],"tipo_publicacion":[7],"industria":[16],"class_list":["post-1163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sin-categoria"],"_links":{"self":[{"href":"https:\/\/www.bye.cl\/en\/wp-json\/wp\/v2\/posts\/1163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bye.cl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bye.cl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bye.cl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bye.cl\/en\/wp-json\/wp\/v2\/comments?post=1163"}],"version-history":[{"count":0,"href":"https:\/\/www.bye.cl\/en\/wp-json\/wp\/v2\/posts\/1163\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bye.cl\/en\/wp-json\/wp\/v2\/media\/1110"}],"wp:attachment":[{"href":"https:\/\/www.bye.cl\/en\/wp-json\/wp\/v2\/media?parent=1163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bye.cl\/en\/wp-json\/wp\/v2\/categories?post=1163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bye.cl\/en\/wp-json\/wp\/v2\/tags?post=1163"},{"taxonomy":"tipo_publicacion","embeddable":true,"href":"https:\/\/www.bye.cl\/en\/wp-json\/wp\/v2\/tipo_publicacion?post=1163"},{"taxonomy":"industria","embeddable":true,"href":"https:\/\/www.bye.cl\/en\/wp-json\/wp\/v2\/industria?post=1163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}