This is the initiative regarding the National Treasury Contributions, which the coup-supporting opposition seeks to approve
The Minister of Economy, Luis "Toto" Caputo, warned early today about the risks of this parliamentary maneuver. “Congress will insist today on breaking fiscal balance. We all know by now that what they're trying to do is topple the President who saved the country from falling into the worst crisis in its history. They only want to recover their business and for that they're willing to do anything,” the official stated.
After the coup-mongering opposition in the Chamber of Deputies rejected President Javier Milei's vetoes of the deficit-ridden pediatric emergency and university funding laws, today Kirchnerism and its allies are now attempting to deliver a new blow in the Senate.
Their new objective is to reject another veto by Milei of the initiative that mandates automatic transfers of National Treasury Contributions (ATN) to the 23 provinces and the City of Buenos Aires, a measure that only seeks to break the State and destroy the fiscal surplus, generating a new economic crisis.
The initiative, which will be addressed today, requires a two-thirds majority in two instances: first, to allow the debate on the floor, and then to actually reject the veto. The discussion is significant, since what is at stake is the State's ability to preserve the fiscal surplus, the central pillar of economic recovery that made possible the reduction of poverty and the destruction of inflation.
In addition to directly targeting the political sectors that promote more spending, he added a direct message to the public: “As citizens, there is a single and very effective tool of defense: the vote. Let's use it this October.”
Milei's government argued that the discretionary use of ATN is not a whim, but a tool of federal management. In the grounds for the veto, it was emphasized that these funds must be available to address unexpected imbalances and provincial emergencies that require quick decisions, something that would be impossible with a scheme of automatic distribution according to revenue-sharing coefficients.
If the rejection in the Senate prevails, it would constitute a new attempt to constrain Milei's government with measures that seek to destroy the economic program and jeopardize the stability that has been achieved.
