Provinces and municipalities must contribute to the urban and suburban passenger transport system by automobile, either through transfers, in money and/or in kind, to the provider companies, an amount equal to that contributed by the National State.
The Government allocated $18,000 million in compensation to the urban passenger transport companies and suburban in the interior of the country, to compensate the financial imbalances of the sector.
This amount will be distributed in two installments of $9,000 million each, to be paid in July and August, according to the Resolution 423/2023 of the Ministry of Transport, published this Monday in the Official bulletin.
This is the distribution corresponding to the “Compensation Fund for Public Transport of passengers by urban and suburban motor vehicle in the interior of the country”, created by Law No. 27,467 of the 2019 Budget, and extended by Law No. 27,701 for the year 2023.
The payments made within the framework of this Fund will be made in the first place for 97% of the total foreseen for each monthly period, in arrears, completing the balance of the remaining 3% within a period of 30 calendar days from the total fulfillment of the payment of the receivables for the liquidation of 97%, according to the official text.
Sergio Massa Transport Table
Photo: Ministry of Economy
Transportation clarified that the liquidated debts will be transferred to the beneficiary provincial and/or municipal jurisdiction, “so that it transfers the funds directly to the provider companies of the provincial and municipal services, unless otherwise required by the province by reliable means by the municipal jurisdiction.
For his part, provinces and municipalities must contribute to the urban and suburban passenger transport system by motor vehicle, either through transfers, in money and/or in kind, to the provider companiesan amount equal to that contributed by the National state.
Law No. 27,701 established the extension of the Compensation Fund for the sum of $85,000 million, as the floor from which the operation of the system will be reviewed to update the amount.
Source: Ambito
