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Deputies signed into law the bill that prevents taking debt without the approval of Congress

2021-02-11T22:16:44.309Z


It establishes that negotiations on public debt with any type of international financing must have parliamentary endorsement.


02/11/2021 18:41

  • Clarín.com

  • Politics

Updated 02/11/2021 19:02

With a total of 134 affirmative votes against 105 negative, the

Chamber of Deputies

approved this Thursday the project that establishes that negotiations on public debt with any type of international financing must have parliamentary endorsement.

The project had been debated on Wednesday by the plenary of the

Budget and Finance and Finance

committees

, where it obtained an opinion with the unanimous support of all parliamentary blocs.

The initiative determines that "the General Budget Law of the National Administration for each fiscal year must provide a maximum percentage for the issuance of public securities in foreign currency and under foreign legislation and jurisdiction with respect to the total amount of the emissions authorized for that fiscal year."

Throughout the debate, the deputies of the Frente de Todos bloc criticized the previous government of

Mauricio Macri

for the

loans taken from the International Monetary Fund (IMF)

, while together for the Change they defended themselves by saying that the real debt is "

the deficit fiscal

"that grew exponentially during the government of Néstor Kirchner and Cristina Fernández de Kirchner.

When opening the debate, the president of the Budget committee of the lower house,

Carlos Heller

(Frente de Todos) said that with this initiative, Congress "will approve a guiding plan that will give citizens certainty and confidence."

Voting on the bill. Capture

For the national deputy,

Fernanda Vallejos

, president of the Finance Committee of the lower house, this is a "central" issue on the country's agenda and said that the initiative constitutes "a powerful safeguard", while highlighting the desire "that this law be a starting point for a key constitutive element: Never Again to flight and debt processes."

For his part, the president of the Federal Unity and Equity Interblock, José Luis Ramón, from Mendoza, affirmed that the project "is a huge step" for Argentina with an eye on "Congress recovering its functions and power."

"The only way to achieve stability is with serious agreements and by returning to a balance between powers. Congress has to recover its functions and its power," he said.

The text of the law also establishes that any issuance of this type that exceeds said "percentage will require a special law of Congress that expressly authorizes it."

In the second article, the bill provides that "any financing program or public credit operation carried out with the IMF, as well as any increase in the amounts of those programs or operations, will require a law" of Congress "that expressly approves it. ".

Source: Agencies.

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Source: clarin

All news articles on 2021-02-11

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