Interest will be calculated on the basis of the days actually elapsed and the exact number of days it has each year, and will be payable quarterly at the beginning of April and July. The Treasury Bill will be non-transferable and will not be listed on the local and international stock markets; and in addition, it will enjoy all the tax exemptions provided by the laws and regulations in force on the matter.
closed 2021 with a net financing in local currency of $ 746,042 million, equivalent to about 1.7% of GDP. In the last two rounds of the year, the portfolio led by Martín Guzmán obtained a net debt in pesos of $ 161,711 million in December, the highest of the year and which represented a refinancing rate of 150% compared to the maturities that were in the month . In the accumulated of 2021, the net financing represented a roll-over 122% compared to the maturities of the period.
The Government had initially proposed to obtain financing via the market for $ 900,000 million, although later they modified the objective and placed it at a minimum of $ 600,000 million, a goal that could finally be exceeded. However, the goal of financing mix for the fiscal deficit, consisting of 60% by issuance and 40% by debt, was not met. Finally, the assistance of the Central Bank represented about 70% of the State’s red, leaving 30% for what was achieved in the bids of the Ministry of Finance.
Without a Budget that accounts for the details of the financial program for 2022, the government begins to renegotiate the items and delineate the numbers in order to close the deal with the International Monetary Fund.
Source From: Ambito
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