Yesterday the Government sent the governors and legislators a new draft of the "
omnibus law
" project (Law of Bases and Starting Points for the Freedom of Argentines) that aspires to be approved before May 25, when it would be signed. the "May Pact".
The project is an updated and reduced version of the one that foundered in the Chamber of Deputies in February, despite its general approval by a majority.
And once again it has privatizations
as key
, which will give dollars to the Government to
get out of the stocks or even dollarize
the Argentine economy, in a movement similar to the one that Carlos Menem implemented in the '90s with Convertibility;
public
employment
;
and the
Large Investment Incentive Regime (RIGI)
, mainly.
The RIGI is one of the big bets for millions of dollars to arrive, especially in the
energy and mining
sectors , which expect long-term legal and fiscal stability, accelerated amortizations and, above all, the free availability of their currencies and their profits to be able to take them out of the country.
Regarding privatizations, the project would authorize the President of the Nation to sell all of
Aerolíneas Argentinas, Energía Argentina
(Enarsa, in charge of the gas pipelines and the Santa Cruz dams) and
Public TV
.
In addition, Agua y Saneamientos Argentina ( AySA
),
Correo
Argentino, Belgrano Cargas,
passenger
trains -Sociedad Operadora Ferroviaria, SOFSE-,
highways
and
the Río Turbio
Carboniferous Deposits (YRCT)
may be 100% privatized or concessioned .
Meanwhile, a limit is set so that private parties can buy only 49% and the national State maintains 51% of the shares in the
nuclear power plants
-Nucleoeléctrica Argentina, NASA-,
ARSAT
(satellite telecommunications) and
Banco Nación
and all its subsidiaries.
In relation to the first version, presented in December, the ports (AGP), Dioxitek -nuclear supplies for medicine and energy-, the aircraft factory (FADEA), INTA -agriculture- and
YPF
were left out of the proposal . among many other state and mixed companies.
Regarding the regime for large investments, the 65 articles of the previous project remain intact and 4 new ones are added.
"The latter explicitly shows the relevance that the Government gives, despite its liberal-libertarian narrative, to a regime of incentives and promotion. For this
there is money
or, at least, margin to stop charging it," he analyzed. the former Undersecretary of Hydrocarbons and head of the consulting firm Paspartú, Juan José Carbajales.
The projects accepted in the RIGI will be those that have an investment commitment of at least 200 million dollars and will enjoy a
25% income tax rate
and accelerated amortization, non-payment of check tax, tax exemption to imports, in addition to the fact that
they will have all the foreign exchange generated by exports 3 years after their accession
.
And regarding public employment, the Government seeks the green light to reassign functions, make state workers available, warn them, suspend them and fire them for various non-compliance.