Buenos Aires, Dec 3 (NA) -- The Buenos Aires Legislature was debating this Wednesday the debt bill promoted by Governor Axel Kicillof, which aims to take on a debt equivalent to around 3.6 billion dollars. There will be a double session in the Deputies and Senate chambers, although the legislative hearing is in a recess while negotiations between Peronism and the opposition continue. According to what Argentine News Agency was able to learn, the head of state seeks to resolve the mayors' urgent needs regarding resources for public works. For this reason, last Monday he announced a fund of 250 billion pesos, equivalent to 8% of the total debt, to be distributed among the 135 municipalities in Buenos Aires province. The other discussion the governor is trying to unblock is the seats on the board of directors of the Banco Provincia (BAPRO) claimed by the opposition. While there is a preliminary agreement, details remain to be finalized that are delaying the start of the debate in the chamber. The opposition had hoped to occupy seats on the BAPRO board through an expansion of its members from 8 to 12, but that option appears to have been ruled out at this time. The currency of the deal would be the creation of 4 syndic positions, a figure with internal control functions, which gives representation to more sectors without touching the board's structure. It is important to highlight that the approval of the debt obliges the ruling party to obtain two-thirds of the votes in both chambers: 31 in the Senate and 61 in Deputies. The extraordinary session this Wednesday will be presided over by Alexis Guerrera, who will maintain the presidency of the Lower Chamber until the changeover on December 10.
