government Javier Miley Sowing doubts during these hours about If he would authorize Governor Axel Kiselov to take on a new debt For $3,685 millionwhich has already been approved by the legislative branch in Buenos Aires this week.
The national administration must give approval to the administration of the region in order to be able to make this placement, but the Minister of Economy, Louis CaputoThe company responsible for granting or not granting this authorization did not confirm this morning that it would do so.
Consulted in A24, Caputo limited himself to saying: “There is a law, the Fiscal Responsibility Law, in effect since 2004, in which the provinces pledge not to incur debt as long as current expenditures exceed inflation. Buenos Aires does not comply with this rule, so the new debt technically should not be subject to approval because it does not comply with the Fiscal Responsibility Law. Today current expenditures are rising above inflation.”
Moreover, he noted that the Secretary of the Treasury, Carlos Gubermanhas been “repeating” to conservatives for months that they must adapt to this legislation.
News in development