The Buenos Aires Deputy Chief of Staff, Gabriel Sánchez Zinny, appeared this Monday before the Budget and Finance Commission of the Buenos Aires parliament to lead the defense of the main guidelines of the “Law of laws”. There he stated that The objective is “to improve the lives of citizens and transform their realities.” being “prudent and responsible”.
Matías López, first vice president of the Legislature, highlighted to this medium that the round of ministers is “a vital dynamic for the search for consensus and transparency in management” and valued “the good predisposition of the Buenos Aires cabinet.” He also highlighted the receptivity “of the deputies to engage in a respectful and constructive dialogue.”
This Monday was the fourth day of exhibition of ministers and officials front line. The ruling party seeks to build bridges to achieve approval of the project. As they anticipated, they hope that the Budget arrive at the Legislature in the first fortnight of Decemberwith a favorable result for the project.
The project of Budget 2025 foresees an increase in 5% in the annual activity, a inflation of the 18.3% and the dollar to $1207 by the end of December 2025, in line with the macroeconomic variables projected Nation. The projected operating result is a surplus of $10,000 million. From the City they affirm that “This is a balanced Budget, with Zero Deficit” and they insist on highlighting that “Order in public accounts is an absolute priority” for management.
In the Buenos Aires block of Union for the Homeland they question the calculation of growth and inflation predicted by the Buenos Aires government and they accuse the ruling party of not addressing the problems generated by the economic recession. “If inflation is higher, as we assume, it gives the Executive greater capacity to liquidate items from certain programs”warns the legislator Claudia Neira to this medium.
In the Buenos Aires government they assure that it is a “usual” mechanism to comply with the Fiscal Responsibility law. “If you look at the map, most of the provinces, if not all, comply with this,” they say.. In addition, they point out that it is a requirement in the case of needing debt since, otherwise, the Nation could block a possible procedure.
Unlike Nation, the Buenos Aires executive does not have “superpowers” to authorize discretionary budget expansion. To do this, it must go through the Legislature. “If we see that inflation evolves differently, we will go to the Legislature to ask for it”they advance from the City. In the last hours, a new forecast of the IMF projected a inflation 45% for Argentina in 2025.
The first vice president of the Budget and Finance Commission does not hesitate to affirm that the discussion on macroeconomic variables is not the main point that they notice in the block. On the contrary, he states that the amounts for public spending “do not solve any of the problems that we Buenos Aires people are suffering at this moment: the drop in employment, the increase in violence and crime and the degradation of public services.” such as transportation, education and health.
Government sources affirm that, in the items planned for next year, the Education area will represent “the largest item of the project” with 20.1%” while the investment in Security will be “the largest in the history of the City “, they argue. On the UP side they take the criticism one step higher: “In terms of spending, it perfectly reflects Jorge Macri’s government: nothing,” says Neira.
Buenos Aires budget: requests for changes to the ABL calculation and claim for Gross Income
The legislator Juan Pablo Arenaza, from the official bloc but close to the leader Patricia Bullrich, stands out as strong Budget investment in security. However, he warns about the increase in ABL and Patents. “We are working to see if they can be lowered,” he said.. Although he acknowledged that “games had to be reordered”, in some cases the increases “they are excessive.”
The City states that the ABL It is a tax with little progressivity, so they propose incorporating a geographical coefficient and one zonal bonus. Thus, if the project is approved, it may increase by a maximum of 100%. As an example, a resident of the commune of South Barracks would receive a maximum increase of 25% in January, a neighbor of Northern Horse 50% and someone from Puerto Madero I would pay 100%.
Arenaza partially agrees with the reform, but marks dissidence. “The problem with that is that you assume that only rich people live in that area,” but he points out that “there are cases in which retirees who would not be able to cover the increases would be affected.” Furthermore, he asks that it not be from one year to the next, but that it be done “little by little” because ABL “is already expensive” in the City.
Juan Pablo Arenaza against Macri.jpeg
@jparenaza
On the side of UP, the legislator announced that they will insist on a request to Executive for you to perform modifications in the collection of Gross Income for independent workers. They will seek to be equated with professionals “who have similar tasks” so that they are not covered by the tax. To graph, Neira gave the master builders and architects as an example.
The representative of U.P. in the Legislature further states that “The number of taxpayers in the General Regime doubled” of the Bank Accreditation Collection and Control System (SIRCREB) “which generates an increase in tax pressure.” At the moment “there was no response” to both questions, says Neira. The City assures that they do not register a duplication.
The Concentrated co-participation another focus of criticism towards the Executive porteño. At the end of September, the City reached an agreement with the Nation under the protection of the Supreme Court for the payment of 2.95% of the co-participation. The payment method will be dual: 1.40% daily drip and 1.55% weekly. “We managed to guarantee these funds,” they highlight. from the Buenos Aires government.
For Neira, the agreement he signed Macri with Nation is “very lax where items are allocated in a way in which national state and another in the City.” That, as he said, leaves the people of Buenos Aires “at the mercy of (Luis) Caputo authorizing the transfer of funds on a weekly basis”. Will it affect the municipal coffers? “The City has a guarantee from the Court that the Nation is going to transfer those funds,” they counter. from the Executive porteño. The claim for the 3.5% stipulated by law is still undefined.
Source: Ambito
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