“If it goes against the economic program and they don’t say how it will be financed, it is likely“said a source with an office at Balcarce 50 when asked by Scope.
The reform aims to Increase in the university budget to ensure the protection and sustainability of funding of all universities that are publicly managed in the country. It also provides that teachers’ salaries increase and that they are not subject to inflation and the data shared monthly by the National Institute of Statistics and Census (INDEC).
The University Financing Law
Next Thursday, September 5th, the University Financing Act would be dealt with in the Senate after obtaining the half sanction in the House of RepresentativesThe bill was approved on August 14 and the opposition hopes that it will be able to obtain the other half of the sanction in the Senate on Thursday.
In the House of Representatives the incorporation of two items had been discussed, strengthening science and technology in universities and the Strengthening university outreach activities. The project obtained the half sanction with 143 votes in favor, 77 against and 1 abstention.
Last Thursday, one of the Demands from university authorities and workers from all over the country took course in the Senate of the Nation: was formed Education and Culture Committee and the Buenos Aires native was chosen as the starter Eduardo “Wado” De Pedro, who specified the action plan to try to obtain the sanction of the educational financing law next week.
The university financing project has a cost of 0.14% of GDP for this year
The Congressional Budget Office assessed the fiscal impact that the measure would have for this year and estimated 0.14% of GDP, equivalent to $738.595 billion.
The initiative approved by the Chamber of Deputies proposes updating the budgetary credits intended to cover the operating expenses of higher education institutions at the beginning of the 2024 fiscal year by the annual variation of the CPI in 2023, and then, bi-monthly, adjusting the resulting amount by the CPI reported by INDEC, discounting the increases already granted so far this year.
It also establishes a salary increase for teaching and non-teaching staff from December 1, 2023 until the bill is passed into law, taking into account increases already granted, and then a monthly update based on inflation reported by INDEC.
According to the OPC report, for the current fiscal year “a budgetary impact of $738,595 million was estimated, equivalent to 0.14% of GDP.” In detail, The 2023 annual CPI update for operating expenses represents approximately $210,742 million, 0.04% of GDP.
Source: Ambito
