2023-12-21 01:07:36
12/20/2023 8:7 PM – UPDATED ON 12/20/2023 8:7 PM
The president of Argentina, the libertarian Javier Milei, ordered this Wednesday the deregulation of the economy through a decree with which he modifies or repeals more than 300 regulations, including rent and supply laws, and the labor regime.
“These reforms, of which I have only mentioned 30 of the more than 300 included, are some of those contemplated in the decree,” Milei announced in a speech broadcast on radio and television.
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“The objective is to begin the path of reconstruction of the country, return freedom and autonomy to individuals and begin to dismantle the enormous amount of regulations that have stopped, hindered and impeded economic growth in our country,” he added.
The derogations include regulations that prevent the privatization of state companies, such as the oil company YPF or Aerolíneas Argentinas.
The private medical care system will also be modified.
The modification of the corporate law is contemplated so that football clubs can become public limited companies, and satellite internet services are deregulated to allow the entry of companies such as Starlink, owned by Elon Munsk.
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To be effective, this decree must be published in the Official Gazette. It will then be taken to Congress for analysis in a bicameral commission.
Milei’s far-right party, La Libertad Avanza, only has 40 of the 257 seats in the Chamber of Deputies and just seven of the 72 seats in the Senate.
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