Uncertainty extends and guarantees move away to reach an agreement that allows Aksel Kiselov to obtain the awaited project It will go into approximately $3.5 billion in debt in 2026. It is the law that complements the budget and tax laws The Buenos Aires legislature passed it between Wednesday night and early Thursday morning.
Intensive The internal locomotives of PeronismIn addition to some disagreements between the ruling party and the opposition blocs, it does not allow for the consensus required by this proposal: a vote on Two-thirds of the representatives and senators sitting to debate.
The original call was for this Friday at 10. It is a continuation of the fourth recess called by the Speaker of Parliament, Alexis Guerrera (Masismo bloc), before ending the debate on Wednesday. Zero certainty. No one dares – after a full day of negotiations – to assert that an agreement will be reached before the end of the week.
So There will be a final option to deal with the two laws Which asks the legislature for permission to hold debts: one for $1,990 and another for $1,045. This would be the alternative Next Tuesday, in special sessions already. Just in case there were doubts, an official call was also made.
In addition to the $3,035 million, the executive branch requested his appointment Funding for two state companies: OBSA (highways) and ABSA (water and sanitation). They add another $500 million. The necessary amounts for the governor to be able to implement the P41.5 billion expenditures expected in the account approved this week.
All this mountain of money is obtained from the resources given by the tax code, the materials that the nation will send through joint participation and the external financing that the economic technicians receive in 2026. The fact is that Next year, about $1,000 million worth of prior liabilities are due, and Kiselov will need to refinance.
“Without the debt law, it is impossible to meet the budget,” is the argument issued on 6th Street, where the government operates. But negotiations are not easy.
“We have no interlocutors. Government messengers have no powers. They have no ability to make decisions,” was one of the complaints heard yesterday in the halls of Parliament.
What are friction points? he Municipalities Fund is the quick answer. This is the allocation that the mayors (Pro, UCR and La Cámpora) request in exchange for voting on the debt application. At the previous meeting of the committee (where there was a majority opinion) it was decided to allocate 8% of the total debt to this. It amounts to just over $340,000 million in today’s dollars.
But those close to the governor changed some items and no progress occurred. Several lawmakers who spoke with this newspaper agreed that they “had been meeting all afternoon in (Sergio) Massa’s office on Avenida del Libertador.” The heads of the dialogue sector blocs and representatives of the official spaces toured that floor located near Patio Bullrich.
“Masa acts as an intermediary. He’s always involved. But he does not want to be associated with these agreements,” as those close to Tigrenis admitted.
Until the “fund” is defined there will be no debt. The problem is that many mayors are “bottomed up” and need guaranteed resources to meet immediate payments. Bonuses and year-end suppliers, among others.
also Attitudes between liberals and supporters influence the debate. “From the LLA they measure who agrees and who does not and then pass the bill. Or to keep their partners out of places of power.” There have already been warnings from Agustín Romo (current head of the LLA’s caucus of deputies) and from Florencia Arreto (new libertarian senator): “This is not what Miley is asking us to do,” the lawmaker overreacted.
Another exchange currency is the BAPRO board. The government is prepared to increase the number of seats by 50% in this coveted “commercial” position, which leaders of all parties can access. From 8 their number will rise to 12. Seven for Peronism (divided between Campora, Kiselovismo and Massismo), two for extremism, two for the Professional Party and one for former libertarians who have approached the government.
But for this to become effective, a law must be voted on amending the bank’s bylaws. They say from an opposition bloc: “If there is no law, there will be no new accusations. Without accusations, there is no religion.” It’s like a “loop” video: it always starts and ends in the same place.
The tug-of-war over legislative positions is also important in this attempt. The budget granted approximately $387,000 million to operate both chambers. Here comes the role of presidencies, blocs, and the distribution of “units,” i.e. positions. It’s not a simple group and everyone wants to be at that table.
At the end of another day of intense intrigues and meetings, the ruling party delivered a final sermon: “The blocs of representatives and senators from the Union for the Fatherland party demand from the opposition the historic responsibility of accompanying the financing law for the province of Buenos Aires.”
These are not good signs. The coin is in the air. The result is random.