In order to finance the pension increases a new law will increases taxes on gambling and winnings from those games, and on non-metallic mining, and drinks and products derived from tobacco.
From a statement issued by the National Assembly:
The full National Assembly approved on its third reading, Bill 197, which establishes the legal framework to strengthen, preserve and sustain the finances of the Fund for Disability, Old Age and Death of the Social Security Department (CSS), allowing for pension increases.
The proposal, presented by the Minister of Economy and Finance (MEF), Dulcidio De La Guardia, increases the collection of taxes on gambling and extraction of non-metallic mining in order to finance the monthly increase of pensions for the elderly. The initiative also includes soft drinks, wine, beer, liquor and tobacco derived products, such as cigarettes and cigars of domestic and imported production, which henceforth will be taxed goods.