Deputy from Loredo proposes achieving fiscal balance by “exchanging” the Tierra del Fuego Regime

Deputy from Loredo proposes achieving fiscal balance by “exchanging” the Tierra del Fuego Regime
Deputy from Loredo proposes achieving fiscal balance by “exchanging” the Tierra del Fuego Regime

The national representative for Córdoba, Rodrigo de Loredo (UCR), proposed that the National Government stop cutting pensions to achieve the goal of fiscal balance, and instead do so with the Industrial Promotion Regime of Tierra del Fuego.

In what was the debate last night for the retirement reform that obtained an opinion in the Lower House, the radical legislator made a euphoric presentation where he proposed alternatives to achieve a macroeconomic balance with criticism of the initiatives of the ruling party and Kirchnerism.

Only (the adjustment to retirements and pensions) affects 0.4 of the GDP. While the Government’s proposal is ‘fanta orange’ because it continues to adjust retirees, and the original proposal of Peronism is ‘Disneyland’ which is to do everything that they did not do when they governed and it was more than 2 points of GDP. That is why our proposal is one of reasonableness,” he noted.

In relation to the above, he assured that fiscal balance cannot be obtained without increasing rates, without dispensing with State areas and without reducing transfers to provinces, but that it can be achieved without “pruning the pension assets of our elderly” and exchanging it for the provincial regime.

“We are going to say it until we get tired: 0.4 of the GDP (of retirees and pensioners) is something that could easily be exchanged for the tax expenditure of Tierra del Fuego”, he remarked.

However, de Loredo was not the only deputy who proposed cutting or eliminating tax exemptions for the island. Margarita Stolbizer (GEN) criticized the Government’s argument that “there is no money” for the provinces, stating that it constitutes a moral affront because they continue to “support” the Fuegian regime.


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