$66.3 million interest subsid for housing loans for one yea. Loans granted via the Public Corporation for Housing

Parliament has approved the allocation of LL100 billion ($66.3 million) to subsidize the interest rates of housing loans for one year.

The loans eligible for the subsidies are those that are provided through the state-owned Public Corporation for Housing (PCH) and that target low and middle-income people. Borrowers can expect to pay around 3.74 percent interest. PCH loans have a ceiling of $180,000.

The value of the subsidy corresponds to loans worth some LL1,000 billion ($663 mill...

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Lump sum tax postponed again. In response to demands by private sector

The lump sum tax on businesses and professionals has been temporarily suspended.

The decision was made following an agreement between the President of the Republic, the caretaker Prime Minister, and caretaker Minister of Finance.

The Ministry of Finance said that taxpayers were asking the authorities to postpone this tax once again, and that he is well aware of the current economic and financial challenges. The government has postponed the levying of this controversial tax since 20...

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