By decree, the Government of Javier Milei ordered to dissolve three others trust funds. It is about the Rural Development and Family Agriculture Programhe Universal Service Trust Fund and the Trust Fund for Social Housing.
Regarding the first, it points out that through article 74 of Law No. 26,895 and its amendment, the Executive was authorized “to create and/or constitute and/or participate in trusts, intended for the granting of guarantees for the facilitation of access to credit to the beneficiaries of the Rural Development and Family Agriculture Program (PRODAF)“.
Along these lines, they argue that “the trust that implemented the aforementioned Program has fulfilled its objective, as reported by the SECRETARIAT OF AGRICULTURE, LIVESTOCK AND FISHERIES of the MINISTRY OF ECONOMY.”
Law 27,078 declared the development of Information and Communications Technologies, Telecommunications, of public interest. Through it, the Universal Service Trust Fund “financed by the investment contributions made by the licensees of ICT services, equivalent to one percent (1%) of the total income accrued from the provision of the ICT Services (…)”.
The decree states that the duration of the contract would be THREE (3) years “starting from the date of its signing, tacitly renewable for equal terms in the event that neither party notifies the other of its desire to terminate the contract.” . And he assures that “the existence of cases of approved projects has been revealed” in which “said condition could not be substantiated, while compliance with the normatively established requirements for inclusion in the benefits does not clearly emerge from the actions.” “.
Thirdly, the decree indicates that through article 59 of Law No. 27,341, the Trust Fund for Social Housing “which has the main objective of financing current social housing and basic infrastructure programs, with public, private and international, multilateral or trilateral organization funds.”
In this sense, they highlight that the General Audit Office of the Nation (SIGEN) stated that “the return of the sums contributed by the TRUST FUND FOR SOCIAL HOUSING was not accredited with respect to works that are terminated and that, on the other hand, in Within the framework of the “Reconstruct” and “Casa Propia” programs, completed works were verified that do not have a final surrender by the executing entities.
For this reason, they consider it appropriate to move forward with “the dissolution of the TRUST FUND FOR SOCIAL HOUSING, of the UNIVERSAL SERVICE TRUST FUND and of the “Rural Development and Family Agriculture Program” Trust (PRODAF), repealing its particular creation rules”.
The disintegration of the funds is supported by article 5 of Law No. 27,742 of Bases and Starting Points for the Freedom of Argentines in which “the NATIONAL EXECUTIVE POWER was authorized to modify, transform, unify, dissolve or liquidate public trust funds in accordance with the rules established therein, and those arising from their creation rules, constituent instruments or other applicable provision.”
Chainsaw to trust funds
The government of Javier Milei deepens the adjustment on the public sector with a new dissolution of trust funds. After eliminating PROCRATE, he now decided to annul five trusts linked to the promotion of entrepreneurial capital, assistance to victims of traffickingcompetitiveness of sugar sector in it NOA, mortgage refinancing and strategic investment.
Since the beginning of its management, Milei has carried out an audit of the trust funds that led to its dissolution. One of the first to be eliminated was the Fund for the Fiscal Strengthening of the Province of Buenos Aires, created by the Government of Alberto Fernández for the strengthening of Buenos Aires with resources obtained from the review of the amounts granted to the City for the transfer of Security.
The same day too ordered to modify the COUNTRY Tax to reduce to a minimum the distribution that the Socio-Urban Integration Fund (FISU), the fiduciary tool used by the previous government for the urbanization of popular neighborhoods. He FISU, that before the modification received a third of the 30% collected by the tax, saw its financing reduced to a minimum since it will barely receive 1%.
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.
