What is the withdrawal rule for the Funds?

The ESSF resources can be used at any time with a view to supplementing the funds necessary to finance the public expenditure in case of fiscal deficit. In addition, it could be used for the amortization, regular or extraordinary, of public debt and also for funding the PRF when the Minister of Finance decides so.

Law N°21.419, which created the Universal Guaranteed Pension, modified in January 2022 the PRF withdrawal rule established in the Fiscal Responsability Law. Thus, as of 2022, the amount of PRF resources that may be used annually must be less than or equal to 0.1% if the previous year's GDP.

Withdrawals and contributions from the ESSF and the PRF are formalized by Ministry of finance decrees.


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