In television statements made this week, the libertarian president revealed the strategy of legislating by decree after the failure of the omnibus law. In that framework, trusts or trust funds would be one of the main objectives: “Do not doubt it. “I am going to end all the black boxes of politics.”
The Bases project, which did not pass the filter of the Chamber of Deputies and which led to the withdrawal and return to committees of the regulations, awarded Milei the possibility of “transform, modify, unify or eliminate specific allocations, trusts or public trust funds created by regulations with legal statusincluding those destined for subsidies, review their origin and destination to achieve greater rationality, efficiency, effectiveness, transparency and control of the use of public resources.”
“I am going to eliminate all the black boxes of politics Do you have any doubt that I am going to make the decree that cleans them (the trusts)? If I have them within reach of a decree, write them down! There are more jobs than I imagined,” the President confirmed in his statements.
What are trust funds and how much do they represent in the State’s “cash”?
The trust funds, one of the main points of non-consensus between the ruling party and the “dialogue” opposition during the negotiations and debates over the omnibus law, They are those income received by the provinces and that serve as a kind of guaranteed budget for more than one year to ensure the financing and stability of a public program.
The budgets directly affect the provincial governors and, according to data from the Ministry of Finance of the Ministry of Economy of the Nation, represent about 2% of the country’s Gross Domestic Product (GDP).
Among the different funds or trusts are Transportation Infrastructure Trust Fund and Provincial Development Trust Fund, PROCREAR Trust Fund, PROGRESAR Fund, Trusts linked to federal electric transportation, social capital and airport security Water Infrastructure Fund, Wheat Stabilization Fund and the Health Coverage Trust Fund.
Javier Milei: “There is an army of individuals who do not see it”
After a day of repercussions for his encounter with Lali Espósito, the president Javier Milei He returned early to social networks to congratulate himself for an award he will receive next week in Spain. “Meanwhile there is an army of individuals who do not see it, either out of ignorance and/or envy…”he wrote on the social network X (ex Twitter).
The libertarian president will receive recognition from the Juan de Mariana Institute of Spain, which rewards economists and personalities distinguished by the “think tank for freedom.”
The announcement was made on the same social network by Alberto Benegas Lynch: “I announce with great pleasure that Javier Milei will receive the 2024 Prize for the Juan de Mariana Institute, which will be presented to him in Madrid on June 21.” “Some of the other winners have been Escohotado, Vargas Llosa, de Jasay, Montaner, Rodríguez Braun, Huerta de Soto, Bastos and the undersigned,” added the deputy from La Libertad Avanza (LLA).
Source: Ambito
