Macroeconomy/Finance

Government launches economic package to fight Coronavirus

The Government launched a battery of economic measures aimed at protecting production, jobs and supplies. Among other actions, the budget line for capital expenditures will be increased by 40%, allocating 100 billion pesos ($1,5 billion) to infrastructure, education and tourism works; and a series of soft credit lines will be launched for about 350 billion pesos ($5.5 billion) to guarantee the production and supply of food and essential inputs, boost activity and finance the operation of the economy in this situation.

Source: Ámbito

Categories: Macroeconomy/Finance