The urgently needed decree, announced by the President of Argentina, contemplates the reform of more than 300 regulations, and its aim is “for Argentina to become a world power,” according to Milei.
The President of Argentina, Javier Milei, has announced a plan that is considering the reform of more than 300 regulations to “lay the foundation for rebuilding Argentina’s economy and return freedom and autonomy to individuals, taking the state off their backs.” His goal, he said, “is for Argentina to become a world power.”
He emergency decision (DNU) aims to convert “all” state-owned enterprises into joint-stock companies “subsequent privatization”to deregulate the country’s economy. For this reason, Milei will send the decree to parliament, including the repeal of the state-owned enterprises regime and the regulations preventing the privatization of public enterprises.
‘We have received the worst legacy in history’ Argentina’s head of state has complained as he announced his plan, which aims to end the budget deficit.
The government program includes repeal of the Rent Actthe possibility for football clubs to become public companies if they wish, and the approval of the full or partial transfer of Aerolíneas Argentinas’ shareholding.
Extraordinary sessions in Congress
The decree, which will be sent to Congress for approval extraordinary sessionalso provides the repeal of the Delivery Actwhich considers sanctions for companies in case of shortages of certain products, as well as the repeal of the Gondolas Law, which forces supermarkets to offer a minimum of products manufactured by small companies.
In addition, the measures announced on national radio and television involve a reform of the customs code to “facilitate” international trade and “banning exports is prohibited,” in Milei’s words.
The impact of the series of measures announced by Milei to deregulate the economy and privatize the public sector was felt on the streets of Buenos Aires, where residents of some neighborhoods They organized a protest from crosses, windows and balconies, rattling pots and other household utensils.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
