Taking the maximum of President Javier Milei to the letter that “There is no money,” the National Government aspires to cancel debts with the provinces through “payments in kind.” Specifically, with State assets, furniture and immovables, that are in the different territories.
This is indicated by the DNU 186/25 published Thursday in the Official Gazettethrough which this type of operations is included to the regime for the extension of reciprocal obligations that was put into force this year.
“Face the Ministry of Economy to agree with the provinces and/or with the Autonomous City of Buenos Aires, Within the framework of the Reciprocal Obligations Extinction regime created by Decree No. 969 of October 30, 2024, The payment in payment, in the terms of article 942 of the Civil and Commercial Code of the Nation, of movable and immovable property of use of usedeclared unnecessary and/or without a destination owned by the National State, being able to delegate this faculty in the Ministry of Finance, ”says article 10 of the Decree.
The decree indicates that “The real estate whose transfer agrees the Ministry of Economy in the aforementioned regime They must be located in the territorial scope of the jurisdiction in question ”.
“For such purposes, the State Assets Administration Agency (AABE), It will implement the disaffection and transfer of the real estate of the National State whose dation in payment would have agreed to the Ministry of Economy, prior relevant authorization in accordance with the provisions of subsection 3. of article 8 of Decree No. 1382 of August 9, 2012 and its modifications ”.
The measure indicates that the Executive Power must regulate the procedure to transfer these assets with the prior intervention of the Ministry of Economy and Aabe.
A single agreement so far
In January of this year the Minister of Economy, Luis Caputo, and the governor of Chubut, Ignacio Torres, signed the first agreement of the regime that essentially consists of a debt drill, although at that time the possibility of payment with things was not included.
Within the framework of this agreement, Chubut compensated for his debt to Nation, in addition to the demands initiated, especially the precautionary of February 2024, linked to the automatic retention of the resources corresponding to the co -participation for the collection of the services of the Trust Fund for Provincial Development.
The agreement signed by Chubut is the first within the framework of the regime and is planned to advance with the others jurisdictions. In addition, the agreement is open to the entry of new obligations within the framework of the regime, where the Ministry of Finance is the application authority.
Many provinces currently have a indebtedness that conditions its financial balances and, therefore, the sustainability of their tax schemes.
Source: Ambito
