Legislative body From county Buenos Aires In the early hours of Thursday morning, it approved the debt draft requested by the governor Axel Kiselov. The House of Representatives obtained The two-thirds required to approve the debt Up to u$s3,685 millionWhich includes the issuance of treasury bills, four operations of the central administration and the executive authority, AUBASA and Buenos Aires Energía. Hours later, the Senate returned the vote and turned the initiative into law.
However, as it emerged Thursday afternoon, the national government will not approve Kicilloff’s debts beyond the debt renewal. This means that the only thing that will be approved is debts to pay off debts already incurred. The amount exceeding this number is considered by the state to be a financial deficit.
It is also from 3,685 million US dollars Passed by the Buenos Aires Legislature, some 1,990 million US dollars They are to carry over debts: Therefore, the national government will be allowed to add debt of about US$1.7 billion.
From now on, there will be a long-term conflict between national and regional government authorities. It is that although the provinces tThey have the independence to take on debts, The national government can intervene. The Constitution stipulates that provinces should not affect the public credit of the state through indebtedness.
anyway, National government intervention could lead to judicial proposals for autonomy for the province of Buenos Aires.
In order to approve the debt, in the early hours of Thursday, L36 deputies Union for the homeland Additional support from Union and Liberty, Nuevos Aires, Civic Coalition, UCR, Cambio Federal, Somos Buenos Aires and PRO. This last bloc accompanied the articles related to debt refinancing and the fund allocated to municipalities, but it refused to authorize the contracting of debts for a period of up to 1,045 million US dollars. Vice President of the bloc, Agustín Forcheri, noted this No details were provided about the purpose of this debt.
In the building they registered 88 deputies out of a total of 92 attended. There were absences that facilitated obtaining two-thirds approval, such as those of Ramon Vera (LLA), Ricardo Lesalde (Union for the Fatherland), Anahi Bilbao (UCR Cambio Federal), and Maria Laura Ricchini (PRO), politically linked to the mayor of Junín, Pablo Petrica.
Changes at Banco Provincia within the framework of negotiations
During the negotiations, The regional executive agreed to introduce amendments to the structure of government Governorate Bank. It has been expanded Eight to nine directorswho will now be named members, and the associated Board of Directors Three members and two trustees.
In the final formation, the ruling party retained the positions of control: four members associated with the Future Right Movement space and the representation of La Campora. Personalities from Massismo and official mayors are also incorporated.
The opposition won three places: Matías Ranzini (PRO), Fernando Rosas (LLA interviewer) The third place corresponds to the federal scheme UCR Cambio. The documents were Then the Senate approved it.
The controversy over Banco Provincia generated tensions. The mayor of San Nicolas and his deputy are on vacation, Santiago BasaliaHe tried to return to his seat to vote against the appointments. He entered the Legislative Council and exchanged conversations with the President of the Council. Alexis GuerreraBut he was unable to resume his place. Their participation would have changed the number of votes accompanying the economic project.
Municipal Fund and Debt Control
The project includes construction Emergency Fund and Municipal Investment Promotion For the years 2026 and 2027. It will consist of 8% of the debt established by the executive branch. The distribution was agreed as follows: 70% for municipalities according to the unified distribution factor and 30% for governorate programs related to infrastructure, environment and transportation.Orti.
A bicameral committee was also formed to monitor debts, at the request of the dialogue blocs and sectors allied with the ruling party. In addition, a minimum guarantee of 250,000 million US dollars to the Municipalities FundWhich will be repaid in five installments between April 2026 and June 2027.
At the same session, appointments to the General Education Council, which consists of representatives from various political sectors, were approved. Eight charges were also scheduled in Tax Court.
Express the debate in the Senate
At approximately 3:30 on Thursday, the Senate began debate on the floor. “The financing law guarantees basic services for the governorate“, argued Senator Peroni, Marcelo Filho; Who also said that municipalities are guaranteed a minimum of resources for the debts that will be incurred by the province.
Regarding the council discussion From the regional bank Amending the bank’s organic charter UCR-We are Buenos Aires Rejection of the initiative; Just like Freedom advances. With no more speakers on the debt, the Senate signed the debt into law in a few minutes.