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Nacionales (ingles)

LABOR LEGISLATION COVERS ONLY ONE-THIRD OF WORKERS

One of the 10 points that the government proposed for the May Pact is the updating of labor regulations. The deep and chronic deterioration of the labor market makes this reform unquestionable. However, its implementation will require much more technical and political expertise than what has been shown so far. (more…)

WHILE IN CHILE AND URUGUAY POVERTY GOES DOWN, IN ARGENTINA IT GOES UP

The high poverty rate in Argentina is a chronic phenomenon. Its main cause is the prevailing consensus for decades sustaining wrong public policies. Milei broke this inertia with disruptive ideas. However, he needs to develop more technical and political capabilities to implement them. (more…)

CHANGE IN THE INDEXATION RULE PERPETUATES THE LOSS IN PENSIONS’ REAL VALUE

The government and Congress are preparing to modify the pensions indexing rule. This will stop the pensions’ loss of real value, but it perpetuates past losses. It is the right time to improve the situation of those who got their pension benefit with the full contributions required without using the moratoriums. (more…)

FREEZING PUBLIC EMPLOYEES’ SALARIES INCREASES THE DISORDER IN THE STATE

The government pushed for the freezing of the salaries of legislators and senior officials. The objective is fiscal savings. The result will be the opposite. Low salaries deepen mediocrity and mismanagement of the State. It is necessary to have an orderly and efficient State with well-paid civil servants. (more…)

TAX AND CO-PARTICIPATION REFORMS GO HAND IN HAND

The pact proposed by President Milei includes tax reform and the revision of co-participation. Both are two sides of the same coin. By establishing that the Nation and each province finance themselves with their own taxes, it is possible to move forward in tax simplification and the replacement of co-participation. (more…)

FONID SHOWS THAT IT IS NOT NECESSARY TO ADJUST BUT TO ORGANIZE THE STATE

The abrupt elimination of FONID is a source of conflict. It will surely be used to start the school year again with strikes. FONID and all the national programs that advance on provincial functions should be eliminated. But as part of an integral ordering of the State. (more…)

ADJUSTMENT BASED ON INFLATIONARY LOSS OF REAL VALUE IS NOT SUSTAINABLE

The National Public Administration shows a surplus in January 2024. The main cause is the sharp drop in the real value of social spending, especially in pensions. Given that pensions are at their historical minimum, it is necessary to swiftly migrate towards more genuine sources of support for the fiscal balance. (more…)

THE PENSION FUND MUST BE USED TO PAY THE DEBT WITH PENSIONERS

The government wants the assets of the Sustainability Guarantee Pension Fund (FGS) to be transferred to the Treasury. Before its transfer, it must be used to cancel the long-standing debt that the ANSES has with national retirees for lawsuits and with the provinces for the deficit of the pension provincial funds. (more…)

ZERO DEFICIT IS NOT ENOUGH TO STOP THE ECONOMIC DECLINE

The government withdrew the fiscal chapter of the omnibus law from Congress. However, it reaffirms its commitment to a zero fiscal deficit. It is a desirable goal as long as it is not limited to a traditional fiscal adjustment. Fiscal balance must be the result of the management ordering of the public sector. (more…)

OMNIBUS LAW SHOULD ADDRESS THE TAX SYSTEM DISORDER

The government of La Rioja decided to issue quasi money. The problem is the excess of spending, especially in public employment, financed with co-participation and national discretionary transfers. There is an urgent need to redesign the tax system, including the replacement of co-participation by a Convergence Fund. (more…)