As part of the economic reactivation of Impulso Perú, the Government will present in the coming days a bill for the hiring of young people and grant a subsidy to companies, said the Vice Minister of Economy, Álex Contreras.
“(The project) We are working directly with him. Ministry of Labor, it is a measure that will come out in the following days, now we are closing the operation. What we want is to continue helping the recovery of employment. In that sense, we are making some improvements to the mechanism”, said the deputy minister on Canal N.
He added that this initiative, which will favor young people between 18 and 29 years old, has to be approved in the session of the Council of Ministers.
“This has a double objective, it generates an incentive for companies to hire, but it will also help create jobs. That will be a bill, which once approved by the Council of Ministers will be sent to Congress“, accurate.
It should be noted that the subsidy would range between 17.5% and 55% of the salary may the hired youth win. The percentage of state support will depend on the type of contract and the gender of the worker.
READ ALSO: Burneo says that the growth of the Peruvian economy is subject to the decisions of Congress
The deputy minister also pointed out that the regulations of mechanisms of Works for Taxes (OxI) and Public Private Association (APP), which will help generate more than 200,000 jobs in a year.
“The impact of the plan, in the short term, will be around 0.6% of GDP. The idea is that in 12 months at least 200,000 formal jobs can be generated and in the following 18 months it will be close to 300,000 jobs.”, he referred.
He added that the new PPP regulations will release S/ 400 million of potential investment in the country in the short term.
While with the new regulation of works for taxes, it expands the sources of financing to execute public infrastructure projects and will allow generating S / 15,000 million more investment in the country.
It is expected that by the end of 2022, at least five Public-Private Partnerships will be awarded.
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