2024-09-18 02:30:00
The debate over the 2025 Budget will continue to rage in the coming weeks. This Wednesday, the Chiefs of Staff will meet in Casa Rosada, Guillermo FrancosMinister of Economy, Louis “Toto” Caputodeputy jose luis espet and senator Ezequiel Atosh Develop legislative strategy. The aim is that the House of Lords can strictly follow the agreement reached by the House of Representatives and the House of Representatives First week of November “Project has ended”according to libertarian sources.
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However, the path forward will not be easy: Opposition parties, even those classified as “friendly”, accumulate complaints, claims and demands Accompany the initiative. While the radicals gathered their energy internally and scheduled their first meeting to discuss next Tuesday’s budget, the PRO, Unión por la Patria, the Left and the We Create a Federal Union analyzed in detail La Libertad Avanza’s projected figures for the coming year.
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The coincidence that we formed the Federal Alliance
Table of Contents
- 1 The coincidence that we formed the Federal Alliance
- 2 City engagement: PRO’s proposition
- 3 Fiscal Rules: The Fundamental Debate of the Fatherland Alliance
- 4 Left thinks IMF budget
- 5 Caputo, Franco and the Eternal Prisoners of Liberalism
- 6 What are the main challenges facing Argentina’s 2025 budget approval amidst political opposition?
“We always receive budgeted drawings, but This is the most expensive budget in history“Assured Mónica Fein, a representative of the Federation for the Creation of the Federation. Their group has been characterized by the inclusion of different positions since Javier Millay came to power and currently agrees to criticize official projects.
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We formed a federal coalition to take a critical look at education, culture, science and technology issues in the budget proposals. Additionally, they have specific questions about tax issues and withholding taxes or self-employment. That’s why they’re waiting for a timeline from officials to present to the administration. “The person you are talking to is scared. This is a non-voteable budget“, explain.
However, the first actions of “We Form a Federal Alliance” focus not on the details of the plan, but on the message sent by the government to the governors: “They ask the provinces to scale back. The people of Córdoba are A statement is now being prepared as it is inappropriate for nation-states to interfere with provincial autonomy. This is especially true if we consider that it is the provinces that have invested the most in this crisis and adjustment.
City engagement: PRO’s proposition
There is no doubt that PRO is the space most aligned with La Libertad Avanza, but also does not express strong support. The day after Milley spoke to Congress, a group of Macrista lawmakers met with Espert and Carlos GubermanCaputo’s treasury secretary is often called the “budget guru.”
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“The political message was on Sunday and the next day they brought some very general guidelines. There is nothing new and the meeting can be classified as a “semi-technical” meeting‘”, PRO sources retain. On this issue, EU President Christian Ritondo is hosting some dialogue, but the details are left to economists Luciano Laspina, Germana Figueroa. Casas and Diana Fernandez Morero are in charge.
The ruling party’s 2025 Budget does not include a question that is a fundamental requirement for voting booths to decide whether to support it: Joint participation of the City of Buenos Aires. “Negotiations have to take place and we have time to wait for the verdict. But this is a condition. Without this we will not accompany,” they added.
Fiscal Rules: The Fundamental Debate of the Fatherland Alliance
Tomorrow, representatives of the Fatherland Alliance that make up the Budget Committee will hold their first meeting. Currently, they are awaiting a formal call from the ruling party and asking Caputo to appear in Congress.
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Luis Caputo, Minister of Economy Congressman Itatí Hagman said, zero deficit fiscal ruleincluded in the first article of the official project, implies a fundamental conceptual debate. “This is good news and obviously the government is using it to say that the other side are those who want inflation and emissions. But they are proposing a 2025 Budget to achieve fiscal balance and it is one thing for us to discuss how to achieve fiscal balance. , and they want to amend the Financial Management Law so that there will no longer be fiscal deficits in history, it is one thing. No economy in the world operates like this, and we will try to have such a discussion,” he assured.
Regarding the project, Hagman said the main concerns revolve around macroeconomic forecasts for growth, increased investment, consumption and exports. “In this budget, adjustments are combined. If you look at what has been reduced the most, it’s energy subsidies, which are basically the flip side of high tariffs. There have been major adjustments in education, culture, science and technology, and all social assistance except AUH have also been significantly reduced.
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In the Alliance of Fatherlands, no one doubts that this space will be in the hands of allies and “friendly” rivals as a bloc, in negotiations and the possibility of approval or rejection.
Left thinks IMF budget
Christian Castillo of the left-wing Provisional Socialist Party insisted that the Milei plan “does not contain any major surprises, since it responds to and approves the adjustments already implemented”.
For the industry, this project is nothing more than La Libertad Avanza’s response to the International Monetary Fund’s request: “The government is providing everything to the IMF Or at least expressed his intention to do so. But there are some loopholes, because they said they will increase withholding tax revenue by 100%, but how exactly it will be increased is unclear; “They said the economy will grow by 5%, but it is not yet clear how it will grow in this super hidden plan. ” he said.
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Castillo described some specific aspects of the program as “cruel,” such as the disparity between the budgets allocated to the university and SIDE. “return They suspended the Education Financing Actwhich means that 6% of GDP must be invested, although it only happened for one year, but now they have canceled it directly. This project is a blow to the education sector,” he added.
Caputo, Franco and the Eternal Prisoners of Liberalism
The great coincidence among legislators is the requirement to exist Caputo. They from La Libertad Avanza agreed that Economy minister must take responsibility for providing technical answersalthough they speculated that the exhibition might be postponed. One liberal said: “Maybe someone below Toto can go to the House of Representatives so he can go directly to the Senate, where there are far fewer people and we hope everything is more or less resolved.”
One discussion that dominated all the conversations that day was what would happen if Congress rejects the 2025 budget, with presidential spokesman Manuel Adorni saying categorically: “If not approved, we will revert to the 2023 budget“He said at a regular press conference.
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Article 27 of the Fiscal Management Law stipulates that if the general budget is not approved, the budget valid for the previous year shall prevail. This has happened in Argentina for two years. For this reason, more than one person began to legitimately analyze how many times such an extension could be carried out.
While analyzing all these variables, the ruling party is betting on an agreement and the coalition’s approval of the 2025 budget. However, Surprisingly, internal liberals have taken a stand even on these issues. Francos, who heads the state executive branch responsible for conducting negotiations, is in the crosshairs of Liberal Alliance lawmakers.
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“The government’s mandate is that the deficit cannot be negotiated, so we have to see what Franco proposes and what room for maneuver he has. He’s been denied numerous times, so if I were a senator, deputy, or governor, I wouldn’t trust the deal he might come up with.. The reality is that he’s the only one who can talk to lawmakers because he’s in politics and everyone else will come to Congress with chainsaws. But your biggest challenge will be striking a balance. His task is not easy.
When asked about these remarks and the idea that the chief of staff was being disowned by his own people, those around Franco were disturbed and stressed Officials stand firm before meeting In order for the ruling party to implement the 2025 budget.
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What are the main challenges facing Argentina’s 2025 budget approval amidst political opposition?
Argentina’s 2025 Budget: A Complex Path Forward Amidst Opposition and Criticism
As the debate surrounding Argentina’s 2025 budget continues, the country’s political landscape is becoming increasingly complex. The government, led by Minister of Economy Guillermo Francos, is working to push the budget through the House of Representatives and the House of Lords, with the aim of securing approval by the first week of November. However, opposition parties, including those considered “friendly,” are accumulating complaints, claims, and demands, making the path forward uncertain.
One of the main concerns is the budget’s projected figures, which have been deemed the most expensive in history. Mónica Fein, a representative of the Federation for the Creation of the Federation, has expressed her group’s criticism of the official project, stating that it is “non-voteable.” The Federation has been characterized by its inclusion of different positions since Javier Millay came to power and is currently focused on critiquing the government’s projects.
The We Create a Federal Alliance, another opposition group, is also taking a critical look at education, culture, science, and technology issues in the budget proposals. They have specific questions about tax issues and withholding taxes or self-employment and are awaiting a timeline from officials to present to the administration.
Moreover, the first actions of the We Create a Federal Alliance are focused on the message sent by the government to the governors, which they see as an attempt to interfere with provincial autonomy. They argue that the provinces have invested the most in this crisis and adjustment, and therefore, should not be scaled back.
The PRO, a space most aligned with La Libertad Avanza, is also not expressing strong support for the budget. They met with Espert and Carlos Guberman, Caputo’s treasury secretary, to discuss the budget, but the meeting was described as “semi-technical” and did not provide any new information.
The ruling party’s 2025 budget does not include a question that is a fundamental requirement for voting booths to decide whether to support it: joint participation of the City of Buenos Aires. The PRO has stated that negotiations need to take place, and they have time to wait for the verdict, but this is a condition that must be met.
The Fatherland Alliance is also preparing to hold their first meeting to discuss the budget, and they are awaiting a formal call from the ruling party and asking Caputo to appear in Congress. The main debate revolves around fiscal rules, which is a fundamental requirement for the budget to be approved.
As the debate continues, it is clear that the path forward for Argentina’s 2025 budget will be complex and challenging. The government faces opposition from various parties, and the country’s political landscape is becoming increasingly fragmented. It remains to be seen whether the government can secure approval for the budget and navigate the complex web of opposition and criticism.
Keywords: Argentina, 2025 budget, Guillermo Francos, Javier Millay, We Create a Federal Alliance, PRO, La Libertad Avanza, Fatherland Alliance, fiscal rules, provincial autonomy.
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