Vidal’s strong speech against the change in the retirement formula

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National Vice President of Prof. Maria Eugenia Vidal He made a fiery speech during the session that ended with the approval of a new retirement mobility formula by half. The former governor of Buenos Aires said the opposition wants to “make up for the failure” of the executive’s economic program focused on zero deficits by approving a law that increases public spending.They will say they expanded rights, but at what cost?“, He asked question.

During his speech, in a day full of tension and last-minute deals, Vidal accused the Unión por la Patria, together with the Unión Cívica Radial, the We Make the Federal coalition and Federal Innovation, of demanding the creation of a law, despite the fact that six months have passed since the arrival of the Xavier Miley to the Casa Rosada, and was still unable to pass legislation before it.

,For the first time in 40 years, a president in office does not have the laws he says he needs for his economic program. We are already about to pass a law, with half the approval in the deputies, that solves this issue that had not been solved in four years, when the government resolved a large part of its mandate to adjust for inflation, said the provincial deputy from Buenos Aires.

In that sense, he formulated: “In the majority opinion we are discussing whether we are going to increase GDP spending by 1.8%, while the government has to reduce it by 5% to achieve zero deficit. Since the beginning of this government, thanks to the measures it has implemented and the efforts of all Argentines, fiscal savings of 1.2% were achieved from December to April. That is If we vote for the majority opinion, we will spend more than the savings achieved by Argentina from December to AprilPaying more expensive prepaid bills, fuel taxes, exchange rate fraud consequences, higher fees.

“All this effort is not enough to pay for this restructuring that requires a majority decision for retirees. Many would like to leave this session saying they have expanded rights, but at what cost? “From the failure of all those Argentine efforts and economic program during these months, which is clearly linked to the fiscal anchor, to the achievement of zero deficit,” he stressed.

“So I think we have to clarify what is being discussed. Restructuring for retirees is not being discussed. Nor restructuring teacher salaries because of the recovery of Fonid,” he said and added: “Today we are discussing an irresponsible way of governing, which believes that rights can be recognised even without resources.,

The majority opinion discussed included an eight-point restructuring of retirement benefits due to the peak of inflation recorded last January, which climbed to 20.6The government itself recognised 12.5% in that DNU. He proposes that incomes be updated monthly for inflation (in line with the Presidential DNU) and that a clause be included for an additional increase to be applied in March each year according to the wage index. Repete. In addition, a new minimum retirement floor, set above an older adult’s basic basket, today amounts to a little more than $250,000,

However, the biggest point of tension between the opposition and Freedom advances and Pro (who closed ranks together), insisting on the inclusion of a clause that contemplated the payment of the nation’s debts with those provinces whose pension systems had not been transferred to the National State, and the disposal of the National State’s assets for this purpose. Stability Guarantee Fund (FGS).

According to Office Budget Congress (OPC) This decision, without accounting for the payment of debts to provincial pension funds, will have a fiscal impact 0.43% of GDP, which would be against the government’s economic program, focused on zero deficit.

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