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The Argentine president will abide by the ruling and will pay with bonds to the city of Buenos Aires

The Argentine president will abide by the ruling and will pay with bonds to the city of Buenos Aires

First modification:

Alberto Fernández announced this Monday that he will comply with the Supreme Court ruling that ordered him to increase the funds received by the city of Buenos Aires, in the hands of the opposition. However, the president indicated that he will pay with bonds, while he will send a bill to Congress to provide for the resources contemplated in the sentence.

With Juan Buchet, RFI correspondent in Buenos Aires

Argentine President Alberto Fernández announced this Monday that he will comply with the Supreme Court ruling and will deposit the co-participation funds to the Autonomous City of Buenos Aires (CABA) in the form of TX31 bonds, corresponding to 90 days of validity of the precautionary measure. .

In parallel to the announcement that it will pay with bonds, the national Executive prepares its legal argumentation to justify the rejection of the ruling of the highest court, which orders that part of the funds that had been taken from it by decree in 2020 be returned to the Federal Capital .

Alberto Fernández had then lowered the coefficient corresponding to the City from 3.5% to 2.32; The Court now asks him to deliver 2.95% of the co-participating funds.

Ruling of “impossible non-compliance”, alleged the president, with the support of the majority of the Peronist governors, since it would affect the games of the provinces.

Within the framework of an “in extremis” appeal, the Government will support its position based on two laws, according to which sentences that affect public funds must be approved by Congress.

Although the City and opposition parties have announced criminal complaints, Rodríguez Larreta’s presentation before the Court only highlights that the Nation has been failing to comply with the ruling since last Thursday.

At 72 hours from the start of the judicial fair (recess), it is most likely that the Court will wait for the reopening of the Courts, in February, to deal with the case.

The fight dates back to 2020, when the national government (center-left Peronism) lowered by decree from 3.50% to 2.32% the portion that the Capital received from “shared funds” from federal taxes.

Later, an act of Congress deepened that cut and reduced the portion to 1.40%.

In its ruling this week, without ruling on the substantive issue, the Court ordered that percentage to be brought to 2.95% by making room for a precautionary measure presented in 2020 by the mayor of Buenos Aires, Horacio Rodríguez Larreta.

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