Decree No. 5.190 was published in Official Gazette No. 6.944 Extraordinary, dated December 8, 2025 (the “Decree”). Through said Decree, the President of the Republic declared the State of Economic Emergency in the entire national territory, in order to allow the National Executive to adopt the urgent, exceptional, and necessary regulations to preserve the country’s economic equilibrium.
Below are the most important points of the Decree:
Legal reserve in economic, financial and monetary matters: Article 3 of the Decree establishes the suspension of the constitutional right of legal reserve in economic, financial, and monetary matters during the time of the State of Economic Emergency.
Extraordinary and/or exceptional measures: The President of the Republic may issue all measures that he deems pertinent, including the following measures:
- To issue the exceptional and temporary regulations that are necessary to reestablish the economic equilibriums and protect the population’s rights.
- To suspend, with a general character, the application and collection of national, state, and municipal taxes, as well as the related administrative processes, in order to protect the national productive apparatus.
- To concentrate in the National Treasury the collection of the special rates and contributions created by the laws and to redirect the resources available in all of the existing funds.
- To establish extraordinary mechanisms to fight tax evasion and avoidance.
- To suspend the application of national tax exemptions and proceed with the collection of the same.
- To establish mechanisms and percentages for mandatory purchase of national production in order to favor import substitution.
- To adopt all the necessary measures to encourage national and international investments in order to favor the development of the productive apparatus, as well as the exportation of non-traditional products as a mechanism for the generation of new job opportunities and sources of foreign exchange and income.
- To authorize the necessary contracting to guarantee to the population the reestablishment of its fundamental rights.
- To authorize expenditures chargeable to the National Treasury and other financing sources not prescribed in the Annual Budget.
- To issue the rules that, by way of exception and without being subject to any other National Authority, authorize public credit transactions, the rescheduling and complements of the same not prescribed in the Special Borrowing Law, as well as those that allow to increase the maximum debt amounts that the Republic may incur.
Likewise, the President is empowered to issue such other social, economic or political measures as he deems convenient under the circumstances for the economic and social stability of the country considering the global situation.
In this connection, the National Authorities, the citizen security entities, the administrative police, and the National Armed Force are bound to cooperate with the full compliance with the measures prescribed in the Decree.
Duration of the State of Emergency: The duration of the Decree will be of sixty (60) days as from publication of the same in the Official Gazette and will be extendible for sixty (60) days more.
Constitutionality Control: The Decree will be forwarded to the Constitutional Chamber of the Supreme Tribunal of Justice in order for it to pronounce judgment on the constitutionality of the same, within a period of eight (8) days following its publication in the Official Gazette, in pursuance of the provisions of the Organic Law on States of Emergency.
In order to access the Decree, please click here.
Note: Official Gazette No. 6.944 Extraordinary has not been published in the web page of the National Printing and Official Gazette Autonomous Service yet.
