The main objective of the new management was to reduce the fiscal deficit through the approval of the Tax Reform Law, which envisaged to increase the income tax, take away retirements greater than 3100 pesos - 3100 dollars and generalize the application of the Tax to the Value Added.
The main aim of the new management was to reduce the fiscal deficit via the Tax Reform Law. This law aimed to increase income taxes, cut large pension benefits above 3100 pesos - 3100 dollars, and extend the tax application to all value-added activities.