Formosa granted an increase to the state in May with disbursement from the Treasury

Formosa granted an increase to the state in May with disbursement from the Treasury
Formosa granted an increase to the state in May with disbursement from the Treasury

May 27, 2024 – 20:01

The government of Formosa, headed by Gildo Insfrán, granted a 27 percent salary increase in May, for which it made a disbursement of $40,000 million from the Provincial Treasury.

The increases were for public administration personnel, private sector educational entities and the pension system.

In the midst of a complex context for the provinces due to the drop in revenue and cuts to national funds, Formosa confirmed a minimum out-of-pocket salary equivalent to $350,000.

The district assured that these increases will be sustainable and it was highlighted that it did not resort to debt.

In May of this year, the State of Formosa granted a 27 percent increase in the salaries of active and passive agents of the Provincial Public Administration, which represented an accumulated salary growth of 52 percent so far in 2024.

This measure also included retirements and pensions enabled by the Social Security Fund, the teaching staff and family allowances.

Furthermore, due to the total suspension of shipments by Javier Milei’s government, the highest local leader decided to permanently take charge of the teaching staff items such as the National Teacher Incentive Fund (FONID) and the Connectivity item.

In this way, Formosa avoided substantial damage to the income of the members of the Educational Sector.

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