National Development Strategy passes in Congress

[NewsWhore]

The Chamber of Deputies passed the National Development Strategy bill yesterday. It now moves to the Presidency for signing into law. The legislation makes the 4% of GDP for education obligatory as of 2013. It also states that the electricity sector needs to increase paid power service levels to 75% as of 2015, 83% for 2020, 85% for 2025 and 87% for 2030. Likewise, it establishes the objective of a reduction in fiscal evasion, and contemplates a comprehensive fiscal reform.

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