The Government announced a profound restructuring of the National Fund for the Arts (FNA). Through Decree 1029/2024, published in the Official Gazette, the libertarian administration announced that it will modify the sources of financing for artists.
In detail, the Minister of Deregulation and State Transformation Federico Sturzenegger He explained that the decree “limits the use of the funds to the granting of credits to artists who, in addition, will be denominated in UVAs in order to avoid the liquefaction of capital.” He also added that the measure enables the “private donations that, together with the financial gains from the credits, will be the only resources that can be used to grant scholarships or subsidies“.
The restructuring of the National Endowment for the Arts
The Government decree includes “artistic and literary activities“a; the plastic arts, architecture and urban planning in their exclusively aesthetic aspects, the theatrical activities defined in article 11 of Decree-Law No. 1251/58; cinematography; radio; television; music; dance; letters; applied arts and folkloric expressions.
Once it was delimited what type of practice can access the FNA, the ruling party ruled that “The primary instrument of promotion of the National Fund for the Arts will be the granting of credits“. In addition, he detailed: “In all cases, the granting will be conditional on not distorting, during the process of using the buildings and machinery built or acquired, the high purposes of artistic improvement pursued by the creation of the National Fund for the Arts”.
In its restructuring, the Milei administration also dHe named the FNA’s credit operations as Purchasing Value Units (UVA). “The Fund may establish different mechanisms for the implementation of said credits, which include: a) group credits with joint liability of all members, b) credits with guarantors, which may require a counterguarantee in works or a percentage of the company’s income. artist, c) perpetual or temporary annuities, with counterguarantees in the artist’s works.”
In this regard, Sturzenegger explained: “The decree gives freedom to the FNA, but suggests a type of income against works guarantees or guarantors for which the FNA will be able to finance artists during the first years of their career.
Another of the major modifications is that, as of the publication of the Decree in the Official Gazette, the FNA will be enabled to “receive donations, legacies and contributions whether these are to finance the regular activities of the Fund or for the implementation of specific programs.”
After the publication of the Decree, Sturzenegger used his social networks to justify the measure: “The organization needed a major redesign: collects royalties from universal works but spends an unacceptable proportion of those resources on itself; Thus an organization that was supposed to help art in practice over the years became a burden on the sector. In 2023 “The FNA allocated 72% of its budget (financed by cultural users) to operating expenses!”
“The Secretary of Culture @leocifelli did not remain inactive in the face of this diagnosis. The Board of Directors of 14 people became ad honorem (Kirchnerism had assigned him large salaries). In addition, it reduced the staff payroll by 25%, generating a more efficient and professional structure,” the official added.
“In short, The main activity of the FNA will be to offer opportunities and financing but not to give away money. A sustainable FNA is sought for the benefit of artists and not bureaucracy,” he concluded.
They announced the definitive closure of the former Ciccone plant where the banknotes were printed
The national government confirmed the definitive closure of the former Ciccone banknote printing plant and dismissed the 270 workers who were carrying out tasks at the site. The information was confirmed by the presidential spokesperson Manuel Adorni who indicated on the social network “X”: “Today we have permanently closed the former Ciccone plant“, one of the great emblems of Kirchnerist corruption.”
In this sense, the ruling party explained that the National State will no longer manufacture banknoteswhich will mean a savings of $5,040 million annually. After the announcement, the operation was launched to removal of machinery and the office closure.
The Minister of Economy Luis Caputo explained in “X” that the 270 people who fulfilled their duties there “will be dispensed until determining the policies to follow.” Furthermore, in another passage of his communication the official advanced The State Asset Management Agency “will dispose of the property for auction and subsequent sale.”
In addition, Caputo explained that the machinery that Ciccone had “necessary for the production of patent sheet metal will be installed in the Withdrawal depositsand the process of removing three intaglio machines for the production of passports will begin.” Along the same lines, he added, “all imported machinery used for the production of banknotes will be removed.”
Finally, in the same publication the minister recalled that “their production is not operating since October 31when the BCRA decided to terminate the current contract and terminate the production of banknotes by the National State.”
Source: Ambito
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