With the signature of Javier Milei, Guillermo Francos and Luis Caputo, the Public Trust Fund created on January 28, 2022 called “Progresar Trust Fund” that sought to benefit Argentine students is eliminated.
This Tuesday, October 8, the Government eliminated the trust fund that finances the Progresar Scholarships. It did so through Decree 888/2024 published in the Official Gazette with the signatures of President Javier Milei, Chief of Staff Guillermo Francos and Economy Minister Luis Caputo.
In the writing, the Public Trust Fund created on January 28, 2022 called “Progresar Trust Fund” whose purpose was to finance lines of action aimed at complementing and enhancing the actions of the “Support Program for Argentine Students” (Progresar). According to the Government, this fund “was never operational, because the assets necessary for its operation had not been integrated.”
What did the “Progresar” trust fund consist of?
This fund, created in 2022 It had a duration of 20 years, counted from the date of its constitution through the execution of a trust contract, and, upon its expiration, the ownership of the trust assets will remain in the hands of the trustee”, which in this case was the Ministry of Education at that time, now the Secretariat of Education.
At that time, that Fund It was made up of the executive director of ANSESMaría Fernanda Raverta, the Ministry of Education, the Operation Subdirectorate of the Sustainability Guarantee Fund of the Administrator and the Undersecretary of Management of the educational portfolio.
The presidency and vice-presidency of the Committee were held on a rotating basis for semiannual periods, and will alternate between Anses and the Ministry of Education.
Meanwhile, the heritage of Progresar Trust Fund It was constituted “by the trust assets, which in no case constitute or will be considered as budgetary resources or of any other nature that puts at risk the fulfillment of the purpose to which they are affected, nor the way or opportunity in which it is carried out.”
These assets were the funds allocated for the Progresar Program, the proceeds of its operations, the income and “fruits and investment of the trust assets.” “Other resources from the National Treasury that are specifically destined to the Fund and contributions, contributions, subsidies, legacies and donations specifically destined” for this purpose may also be added.
scholarships-progresar-foto3.jpg
What will happen to the Progresar Scholarships?
Although the Government eliminated the Trust Fund that financed it, it did not clarify whether or not the Progresar Scholarships because it can determine items under the responsibility of the Ministry of Human Capital to keep it current.
Recently, the Government confirmed a 75% increase for the beneficiaries of the Progresar Scholarships in the month of October that will bring them to a total of $35,000.
Likewise, it must be remembered that what will be credited to the accounts of the beneficiaries of the Progresar Scholarships It will be a much smaller amount, since ANSES retains 20% and delivers it on certain dates of the year as a bonus. That is why the amount that will be charged in October is $28,000.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
