The opposition dialogueist will try to take from the Government a cash of just over $500,000 million that keeps it almost motionless, to the point of not using it. In fact, this year it has barely spent $29.3 billion only 5.4%.
This is the fund that is intended to finance the Contributions from the National Treasury (ATN)which is the money with the highest level of discretion of the national government, designed to act in cases of catastrophes. It is constituted with 1% of the co-participating taxes.
Throughout 2024, President Javier Milei has hardly moved them. Only after three months did the Minister of Economy, Luis Caputo, open his wallet a little and In October he passed $3,000 million to the governor of Entre Ríos, Rogelio Frigerio, of the PRO. With that, this year it has already given it $6.8 billion and it is the second most benefited province behind Misiones, which received $9,000 million.
The rest of the beneficiaries are Chubut, with $4.5 billion; Santa Cruz, $3,000 million; Tucumán, $2,000 million: Santa Fe and Jujuy, $1,500 million each and Corrientes with $1,000 million.
He fund already totals $515,226 million, according to the consultant Politikon Chaco in its latest report on discretionary transfers of resources to the provinces.
According to a Budget 2025 opinion presented by Encuentro Federal, the group led by deputy Miguel Pichetto, It is proposed that the government distribute the money every three months if it is not used.
“If the distribution of the ATN is analyzed in relation to the composition of the fund so far this year, only 5.4% of the total fund (which totals $544,529 million) has been distributed. This is the lowest distribution level since at least 2019. when it was 7.5% in the reference period,” says Politikon.
From the opposition’s point of view it is about giving signals that it is possible to increase spending without altering the fundamental premise that the fiscal surplus must be maintained at all costs.
Pichetto’s project proposes to explicitly leave a fiscal rule that the national government mentions in the speeches, but that it did not dare to include in the 2025 Budget, which is reducing taxes if more is collected.
Until now this was only mentioned orally by Milei in the speech before Congress, when presenting the project. But the text of Article 1 only establishes a rule in the event that resources are lacking, which requires cutting the expenditure that can be cut in the same proportion.
For example, the pension formula always provides for adjustments based on inflation. So it would have to be adjusted elsewhere.
Nevertheless, It does not say anything about what should be done if there is excess money, something that will happen because inflation of 18.3% is underestimated. Pichetto proposes that, in that case, withholdings on exports be lowered.
The initiative It also proposes increasing pensions by 8.1% in real terms, as established by the law on adjustments to the pension system that Milei vetoed. and it is also intended to prevent the Government from being able to restructure the debt without going through Congress, as established by DNU 846 of this year.
Source: Ambito
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