2024-04-30 15:20:06
The privatization chapter of the Bases law obtained the green light in Deputies this Tuesday. This is a new step that will allow the Government to divest itself of state companiesalthough the approval of the Senate is still missing.
Of the extensive list of companies with state participation that La Libertad Avanza seeks to privatize, finally only a handful of companies would be left in these conditions in case the Base Law advances.
With the positive vote of 138 deputies, the Lower House approved the chapter of the Base Law that enables the possible privatization of a series of companies that have State participation. According to the final text, and although the approval of the Senate would still remainthe companies that might be privatized are the following:
–Argentinian airlines.
–ISA.
–Argentine Energy.
–Argentine Radio and Television.
–Intercargo.
–Argentine Mail.
–Belgrano Cargas.
–Argentine Railways and
–Road Corridors.
While two others like Nuclear Power and Coal Deposits Río Turbiomight be partially sold to the private sector.
The most striking absence is that of Banco Nación. ANDIn this sense, the Minister of the Interior Guillermo Francos assured that the Government did not abandon the idea of allowing the entry of foreign capital, and he announced that the idea they have is the model of the Bank of Brazil that, he stated, Lula promoted in his first term as president.
Differences with the original project
The original “Omnibus” law sent by Javier Milei at the beginning of his administration, baptized “Law of bases and starting points for the freedom of Argentines”, iincluded among its 664 articles a specific chapter referring to the privatizations of state companies and companies wholly or majority owned in the hands of the State.
At that time, it included a total of 41 firms and organizations, among which stood out YPF, Aerolíneas Argentinas, AYSA, Correo Argentino, Banco de la Nación Argentina (BNA), Energía Argentina SA (IESA), Operadora Ferroviaria, Radio y Televisión Argentina (RTA), and Corredores Vialesamong other.
According to Infobae’s survey, the vast majority of those mentioned are loss-making, but others made profits in 2022, as is the case of the state oil company or the BNA. The General Administration of Ports, Argentine Nuclear Power, Dionisio Water Mining Deposits (YMAD), New Generation Space Vehicle, North Dock Naval Workshops (TANDANOR) and Agricultural Technological Innovations, according to the Libertad Foundation.
With information from Ámbito and Infobae.
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