The Governor of Buenos Aires Province, Axel Kicillof, this Monday asked the provincial Legislature to approve the debt bill for $3.635 billion, stating that the measure is 'necessary to provide responses in difficult times' and aims to defend 'the 17 million people of Buenos Aires' from what he defined as a 'financial siege' by the national government. Kicillof emphasized that the law is essential to meet obligations, pay salaries and bonuses, and assist municipalities. He also accused President Javier Milei of an attempt to 'strangle the provinces' and claimed systematic non-compliance in automatic and non-automatic transfers. The bill, which the governor describes as not new debt but authorization to cover past due payments, has faced obstacles due to disputes over the Municipal Strengthenment Fund and the distribution of positions. Despite political tension and a lack of quorum last week, the government is optimistic about the vote scheduled for Wednesday.
Kicillof urges approval of loan to protect province from 'financial siege'
Buenos Aires Governor Axel Kicillof is urging the legislature to approve a $3.635 billion loan to meet provincial obligations, accusing the national government of systemic non-compliance with transfers.
