On Wednesday, Argentine lawmakers will begin debating President Javier Miley’s reforms that have upset citizens and politicians alike. writes about this RIA News.
Last December, Miley signed an emergency executive order on more than 300 reforms to liberalize the economy, covering all areas and including deep cuts in spending. The changes sparked several major protests and strikes by unions and left-wing movements, as well as a court challenge declaring the proposed changes unconstitutional.
At the same time, to avoid lawmakers’ rejection, authorities made changes to the bill package by removing oil and gas company YPF from the sales list, leaving the country’s largest state-owned bank, Banco Nación, only on the sales list. It is partially privatised. Additionally, only shares in the Nucleoeléctrica company can be sold; Most of the shares will remain with the state.
Retirees were promised an increase in their pensions starting from April. Additionally, the financial part of the reforms regarding taxes and withholdings was also removed from the bill package.
However, debates on individual bills may take several days and disagreements may arise.
If the reforms are approved by the lower house of parliament, they will need to be considered by senators.
Miles Eve statedDespite the damage that the reforms may cause to the country, he will fulfill his election promises to shake the state economy.
Miley’s early rise to power in the name personification of the victory of network political structures over hierarchical structures.