The ‘omnibus law’ will be debated from Monday and will be “a reality”, according to the Milei Government

The Legal Bases and Starting Points for the Freedom of Argentines, better known as ‘general law‘, which failed in its parliamentary procedure in February, will be debated again on Monday and, as stated this Friday by the Government of Javier Milei, It will be “a reality”.

“Conceptually, the ‘Basic Law‘It will be a reality and the changes are part of taking steps forward. Little by little, it was understood that it was a law for the people. Whatever is outside the law, we will continue to seek consensus for the Argentina”, said presidential spokesman Manuel Adorni during his daily press conference in Pink HouseExecutive headquarters.

READ TOO: “Milei got involved with a very sensitive issue for the Argentine middle class”

After obtaining the commission’s opinion the day before, this megaproject will, once again, be debated in the Congress Argentina on Monday and Tuesday, when the Government hopes to obtain between 135 and 140 votes to approve it in Low cameraalthough there is resistance to some of the 279 articles.

Originally, the law had 664 articles plus annexesbut given the general rejection in Deputies and the numerous modifications, Milei had given the order to return to the commissions, after being sent for the first time last February.

Among the most important topics that will be debated from Monday onwards is labor reform, which was reduced from 60 to 16 articles, after meetings with authorities from the stategovernors and the country’s main unions, such as the General Confederation of Labor (CGT).

Initially, it was part of the decree of necessity and urgency (DNU), presented by the president in December, but this section was stopped by the courts following a request from the unions.

Among the notable changes to the initial text of the ‘general law‘is the elimination of National Bank (state banking entity) from the list of companies to be privatized and the sections relating to the collection of public bonds held by the Sustainability Guarantee Fund, that seek to promote economic growth.

The opposition anticipated that it will press to reincorporate the chapter on tobacco taxes, which the Executive removed due to “lack of consensus“, to return the increase from 70% to 73% in the tax rate internal tax.

“We understand that there will be no changes to the law. In general, public companies are susceptible to privatization at some point because certain functions no longer need to be performed by the State; “it will always be governed with this logic”, Adorni added.

In turn, in statements to the Miter Radiothe Minister of the Interior, Guilherme Francowho has led the negotiations with the provincial governors – all from the opposition -, considered that there will be “issues” that the Radical Civic Union (UCR, center) will try to add during the debate, as in previous meetings “it hindered negotiations with other blocks.”

Regarding the privatization of National Bankthe minister expressed that the Executive will seek to imitate the policies used by the Brazilian president, Luiz Inácio Lula da Silva, which took the entity to the stock exchange New York.

“If a public bank in Brazilunder Lula’s presidency, it became a publicly traded company that included private capital, why not do it here?”If I ask.

Source: Elcomercio

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I am Jack Morton and I work in 24 News Recorder. I mostly cover world news and I have also authored 24 news recorder. I find this work highly interesting and it allows me to keep up with current events happening around the world.