Home » Martín Llaryora already has the draft of the new Omnibus Law: 269 articles and new retirement formula

Martín Llaryora already has the draft of the new Omnibus Law: 269 articles and new retirement formula

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Martín Llaryora already has the draft of the new Omnibus Law: 269 articles and new retirement formula

In the last hours and prior to the beginning of the Senators session, the National government delivered the draft of the new omnibus Law to the governors and block heads. The new Omnibus Law is more limited than the previous one and contains 269 articles, a third of the original.

In the 177 pagesincludes the delegation of limited powers (some deputies say that it is even better worded), privatizations and a new retirement formula, among other initiatives.

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Another detail is that the Fiscal package that the Minister of Economy, Luis Caputo, had decided to withdraw at the time was also eliminated. Most of the articles were already negotiated with the opposition in the sessions, before the session failed.

On this occasion, the delegation of powers to the President is expressly limited to one year.

The original idea of ​​the Base Law is maintained, and it is expressly written that “a public emergency in administrative, economic, financial and energy matters is declared for a period of one (1) year,” indicates the draft of the project published by Perfil. Cordova.

In its article 7 the privatization of public companies appears, which the initiative reduced to three companies: Aerolíneas Argentinas, Energía Argentina and Radio y Televisión Sociedad del Estado. This way Cordoban women are excluded: the SRT, Fadea, Dioxitek and Fabricaciones Militares.

There is also a detail of moving forward with a mixed scheme, between privatization and concession, to companies such as AySA, Correo Argentino, Corredores Viales, Belgrano Cargas, Sociedad Operatoria Ferroviaria and the Río Turbio Carboniferous Deposit.

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One of the orders of Governor Martín Llaryora was to keep Banco Nación in state power, and in this new initiative “they can only be partially privatized with the National State having to maintain the majority participation in the capital or in the formation of corporate decisions.” Similar case with YPF.

In relation to the privatized companies, it is established as a comptroller that “the General Audit Office of the Nation must carry out an examination regarding the privatization process of each of the companies, evaluating compliance with the legal and financial aspects, once the privatization process is completed. same and within a period of thirty (30) business days”, and that Sigen will also intervene.

Retirements and the new formula

It is one of the central points, after this week the opposition tried to approve a very similar bill. The retirement formula presented establishes the updating of salaries on a monthly basis instead of the two annual increases in force under the current law promoted by Alberto Fernández.

“The assets will be updated monthly in accordance with the variations in the General Level of the Consumer Price Index published by the National Institute of Statistics and Censuses,” says the project. And it clarifies that it will be in force from April 1. Thus, they would avoid paying the cost of the high inflation that occurred between December and March. It even includes a mathematical formula : mt = Monthly change CPIt-2

It remains to be debated and surely the Cordoban deputies of the We Make Federal Coalition bloc who respond to “Cordobanism” will try include the distribution of funds for the provincial Retirement Funds.

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Now, the trust funds article has been modified almost entirely. The national Executive Branch will be empowered to modify, transform, unify, dissolve, liquidate or cancel public trust funds.

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