Sunday, February 25, 2024

These are the changes that the Government made to the original project

The Congress government has sent the amendments to the omnibus bill requested by different blocks of deputies to achieve a favorable opinion and thus bring it for debate in the chamber in the coming days. In the new text, more details have emerged about topics such as restrictions, retirement, and other subjects. They are part of the agreed changes.

Omnibus law: individual changes made by the Government

According to the document, among the main differences, the Executive Branch agreed to eliminate YPF from the list of privatized companies,, and for the companies Nucleoeléctrica, Banco Nación, and ARSAT, it was established that the state could only do a partial privatization and should retain control of the company.

On the other hand, the administration agreed to the demands of the governors, which is why it limited the restrictions on the regional economies to zero. “They are set at 0% for regional economies. At the same time, the power of the Executive Branch to increase export duties is eliminated. Only the power to reduce it is maintained,” reads the new article.

In this regard, the president promised that “when the economy stabilizes, he will seek to reduce restrictions and taxes in general,” and from those around him, they added that for the law to happen, the DNU must be approved.

After the changes, the team of the president of this agency made it clear that “unless a black swan appears,” they were not ready to apply more changes than the new ones.

Changes in pensions

In addition, it seeks to continue the pension formula until April, and then the automatic update for monthly inflation will start based on the latest inflation data available from INDEC.

Although it is a draft, written colloquially, presented by the leaders of the blocs, the government is betting on gaining the support of the opposition sector in the dialogue, which at this time is analyzing the changes in detail.

After the criticism generated after the presentation of the first project called “Base and Starting Points for the Freedom of Argentines,” better known as the Omnibus Law, President Javier Milei decided to grant the claims.

“This debate is welcome. It’s healthy to expose the privileges of some; it’s healthy to maintain our regulatory framework by changing things that have become entrenched over time. It’s also good to listen, correct, and learn. All this and more happened during this debate,” reads the letter of the document, considering the corrections and the increase from 664 articles to 523.

The president gave the go-ahead to postpone a series of issues that were considered in the original text to be discussed starting in March during the ordinary sessions, among which the changes in corporate law, the discussion of the transfer of national justice for the city, mental health issues, and electoral reform (single-member sections, the future of PASO, and the political party regime).

Emergency and money laundering deadlines

The national administration chose to reduce the legislative delegations to one year with the option to extend them for another year with the approval of Congress.

By the changes in money laundering, the project establishes that non-resident subjects who follow this Asset Regulation Regime “may not declare assets that are owned, recorded, registered, or deposited in the name of third parties,” including the exclusion. subordinate officers who have served in office for the past 5 years; “Prevention agents with strong processing are excluded, and it is defined that the income of the Special Regularization Tax will be allocated to the capitalization of the Central Bank of the Argentine Republic.”

World Nation News Desk
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