Different views on the economic roadmap

The “growth of the economy” is not enough if it is not accompanied by a strong social profile. That reference of positive impact that the national government intends to give does not end up connecting with the situation in Buenos Aires in the face of the ferocious inflation that continues to devour salaries, pensions and family allowances.

Without going any further, Governor Axel Kicillof himself assures that in the province of Buenos Aires the “economic model is to grow by distributing” and that this can be seen in some management announcements, such as the implementation of the plan that seeks to guarantee food security in the most vulnerable social sectors.

Also with the presentation of the Municipal Infrastructure Fund (FIM) according to the 6th Street government perspective. Investment in infrastructure allows for the economic reactivation and salary to be supported, in addition to improving the living conditions of the common citizen. To this combo they add the salary increase for state employees, plus a bonus and increases in retirement and pensions.

It is that, based on the unforeseen acceleration of inflation and its impact on purchasing power, Kicillof had no choice but to remove the lock from the treasury to offer state unionism an additional increase of 10% in May and a new increase in December to ensure a year-on-year salary improvement floor of around 60%.

In addition, days ago, for infrastructure works, the provincial economic team obtained financing from the local market with maturity in 2024 for $16,413 million.

The accompaniment of the investors achieved, more than doubled the amount of $7,500 million originally offered, with total offers of $18,177 million.

The Minister of Treasury and Finance, Pablo López, highlighted the response of investors to the strategy proposed by the Buenos Aires administration.

“With this placement we managed to extend the financing term in pesos. In order to face the 6X6 Plan for the transformation of the Province, it is necessary to advance with our responsible financing program, in local currency, which will allow the planning of works and policies that ensure the deep transformation that we seek”, he underlined.

In this way, the governor manages to increase the term of financing in local currency, by adding an instrument that extends the traditional program of provincial treasury bills to be able to expedite public works, as demanded by the “Liga de Mayores”.

This kind of pressure from the municipalities was revealed with the signing of the agreements for the distribution of the FIM, which will have an investment of $17 billion and already has 119 projects approved for more than $10 billion.

The FIM grants funds equitably among the 135 municipalities to carry out the works that were defined as priorities in each district. Among the projects that have already been presented, there are works of architecture, water and sewage, energy and roads.

Against this background, the domestic arm wrestling continues to stain the political agenda, where referents of the ruling party and the opposition maintain disputes over future candidacies between the different internal sectors.

The climate of internal friction in the two majority political coalitions is in a state of maximum sensitivity. And that, as is logical, translates into legislative areas given the need to find a balance of internal power.

That is why in parallel, but with a certain similarity to the dripping political crisis between the Fernández, whether they are “Albertists” or “Christinists” where the Tigrense Sergio Massa plays the role of central fixer, in the Province it is the Chief of Staff, Martín Insaurralde, who intervenes as a mediator between La Cámpora and the mayors of the Buenos Aires PJ (including the opponents of JxC), who do not fail to express their approval for having a “political management” dialogue with the Executive that they did not have before.

Precisely, the internal tensions both in the ruling party of the Frente de Todos and in the opposition of Together for Change, have been causing a kind of legislative paralysis and with a reserved prognosis.

Underground, it transpires that the majority blocs of the ruling party and the opposition explored an agreement to advance in a double session (reactivate the Chambers of Deputies and Senators) with a package of weighty projects: the positions in the control organisms that correspond to the opposition, the adhesion of the province of Buenos Aires to the Fiscal Consensus with the national Government and the BAPRO pension reform.

In the midst of speculation and comings and goings and some session for statistics, one conviction remains: from all the parliamentary camps they came out to hold the national leadership of the PRO responsible for “dynamiting” the understandings in the Province, a position that could cause some slamming of the door within the opposing alliance.

Another official, in this case national, who has been showing up for 2023, is the Minister of Public Works, Gabriel Katopodis (this week he walked the Sixth to be present in Bahía Blanca, passing by Tornquist, Coronel Pringles, Coronel Suárez and Guaminí) who inaugurated and supervised the progress of works of the “Plan Argentina Hace” that are carried out with investment from the Casa Rosada.

Said program is in charge of the National Entity of Water and Sanitation Works (ENOHSA), which has Néstor Álvarez, an official of the Sixth, as deputy administrator, as well as Gustavo Trankels, current director of National Roads of the 19th district and the executive manager, Jorge Ruesga .

Leave a Comment