2023-08-29 18:08:11
Criticism for the opportunity, for the amount or for the lack of “political” arguments Today they went through the first day of debate in the Neuquén Legislature to authorize Governor Omar Gutiérrez a new debt of 100 million dollars. This is a project that seeks to guarantee the management of Rolando Figueroa the money to amortize next year’s maturities and open an umbrella once morest the result of the October general elections.
The Chairman of the Budget Committee, Liliana Murisi (MPN), explained that the project provides for the issuance and placement of Treasury Bills for up to four years or the possible contracting of loans in the banking system. It would be in the local market and not through international titles.
He stated that it will be “exclusively to amortize public debt denominated in dollars as of 2024″ and that it will be a flexible issue because the amount can be placed in one or several tranches.
“It is a financial tool that we are giving to management to meet capital maturities from January 2024 onwards,” explained the deputy.
The project came as an agreement between Gutiérrez and Figueroa, for which it is expected that it will obtain the necessary votes for a quick sanction. However, the legislators who do not integrate any of the spaces They were critical and demanded more information.
Mariano Mansilla (Front of All) described the indebtedness as “a somewhat exorbitant and surprising request” and claimed to “know the arguments for the size of the credit request.” “If it is for the next government, let the next composition discuss it,” he stated and requested that the Minister of Economy, Guillermo Pons, attend the commission to hear the “political” foundations of the authorization.
Known by Leticia Esteves (Together for Change) agreed with the opinion regarding the amount, although it assessed that “in 2024 the amount of services is 262 million, with which we would not even be covering the maturities of that year.
Another who was critical was the deputy Dario Peralta (Front of All), who stated that “going back into debt in dollars is not the way.” He also remembered that the countercyclical fund that was modified this year to use the money in ISSN retirements or debt services brings 7 million dollars a month to the provincial Treasury, so $84 million might be raised for next year.
“Assist maturities without runs”
Deputy Murisi ruled out, in principle, inviting the Minister of Economy to the commission because she considered that they had already sent “very comprehensive” information and therefore adjusted of the times. He reiterated that the government’s goal is «make the placement prior to the October elections to give the province a receipt regarding the exchange rate in which the debt is being placed.”
He said that it seeks to meet the maturities of next year “without runs and without depending on some unexpected scenario following the elections.”
He also responded, in the face of Peralta’s criticism, that “It is completely valid” to request a debt to pay maturities because “it is a liability management methodology.”
The project will be dealt with once more in the commission next Tuesday.
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