Chile anounces aid package to help middle class

Chilean President Sebastian Piñera presented a new economic stimulus package Tuesday to help middle-class citizens who are suffering financially because of the coronavirus lockdown.

A similar proposal launched a week ago by the president did not get enough support from the Chilean Congress.

Piñera's new package is a response to an opposition initiative that would allow pension contributors to withdraw 10 percent of their savings from a total of 200,000 dollars in Chile's Pension Funds Administrator.

The package of measures considers a direct transfer of 600 dollars per person, maintaining extension of credits, rental subsidies and loans to pay for university.

The opposition rejects Piñera's proposal, arguing it would only add to the debts of the people affected. only mean new debts for the strongly affected middle class.