As in 2001, La Rioja will begin to pay salaries with bonuses – ANRed

Twenty-three years after the 2001 crisis, state employees are once again collecting a portion of their salaries in bonuses. «In the month of July, the circulation of the Debt Cancellation Bonds (BOCADE) will begin. The first to receive part of their salary in this way will be the highest-ranking officials: governor, vice-governor, ministers, secretaries and undersecretaries will receive 100 thousand pesos of their total salary with a Debt Cancellation Bonus, while the general directors will receive 50 A thousand pesos. Likewise, I request the Judicial Function, the Legislative Function and members of the Court of Accounts to implement the same measure with officials, deputies and judges of the TSJ. On the other hand, for the rest of the workers, in the month of August we will make the single payment of a Bonus of 50 thousand pesos that will be paid in BOCADE,” announced this Tuesday, June 25, Governor Ricardo Quintela, who made in the first quarter of the year a strong adjustment in the province’s spending after the cut of national funds. One BOCADE will be equal to $1 and can be used in businesses and to pay provincial and municipal taxes. The quasi-currency is popularly known as “Chacho”, since its image is reminiscent of the leader Ángel Vicente Peñaloza. By ANRed.

This Tuesday, June 25, the governor of La Rioja, Ricardo Quintelaconfirmed theofficial debut of the so-called “Chachos” (for his image in homage to the Riojan leader Ángel Vicente Peñaloza) for pay 30% of state salaries and thus reactivate consumption in the provincial territory, after the strong spending adjustment that the governor decided in the first quarter of the year after the cutting of national funds by the government of Javier Milei.

«In the month of July, the circulation of the Debt Cancellation Bonds will begin. The first to receive part of their salary in this way will be the highest-ranking officials: governor, vice governor, ministers, secretaries and undersecretaries will receive 100 thousand pesos of their total salary with BOCADE, while the general directors will receive 50 thousand pesos. Likewise, I request the Judicial Function, the Legislative Function and members of the Court of Accounts to implement the same measure with officials, deputies and judges of the TSJ. On the other hand, For the rest of the workers, in the month of August we will make the single payment of a Bonus of 50 thousand pesos that will be paid in BOCADE»Quintela announced on his social account X.

The Riojan government still needs to confirm how its implementation will be, but it has already been confirmed that the bond will not operate in a banking manner, but that the government will manage it through the state company BR Servicios Financieros. In addition, The “Chacho” can be used in businesses and to pay provincial and municipal taxesand will have an equivalence of 1 BOCADE equal to $1, and the business that receives them for a lower value will be closed, the Quintela administration announced. Meanwhile, merchants and individuals who receive them They will have a 48-hour parking so that they can later exchange the BOCADE for pesos 1 to 1.

The official announcement of the circulation of the “Chacho” had been in January of this year, in the midst of protests for salary improvements for the La Rioja Police and when The governor demanded more than 9 billion pesos from President Javier Milei. But, beyond the announcement and the fact that it already had them printed, the province delayed putting them into circulation. Even at that time, the Quintela government broadcast a spot against Milei’s criticism for the issuance of the quasi-currency: «Why is Milei so afraid of the Chacho?“the spot asked.

While the call Debt Cancellation Bonus (BOCADE) It premiered in mid-April, when state agents collected the additional salary known as “quincenita” and which is paid in the middle of the month. Now, starting in July and, mainly, August, its massive use will become widespread.