The operating deficit of the 33 non-financial public companies showed a negative balance of $1.6 trillion pesos in 2023. The bulk of that figure is explained by the policy of subsidies for energy and rail transport.
The Milei Government's plan is to privatize many of these companies. Despite the permanent losses that have been accumulating for several years, companies have kept their personnel more or less stable. One in three employees of public companies works on trains. The outgoing leadership of Aerolíneas Argentinas responded politically to the Camporista leader Mariano Recalde.