Miley reduces public transport subsidies in Argentina

On Thursday, February 8, 2024, the Argentine government announced the cancellation of the freeze on public transport prices in Buenos Aires and the cancellation of subsidies for the entire country. According to the newspaper ClarinThis action is seen as a reaction by President Javier Miley defeat The so-called “bus law” suffered this week, which the Argentine president says is the fault of a group of governors.

With the end of the subsidies, governors will have to choose between increasing tariffs or paying for the subsidies from regional budgets.

The basic text of the “Bus Law”, A “super package” Proposed by Miley's government, it was approved on February 2. But in light of the refusal of legislators to approve articles that would give the head of state the power to reform the state,… The text is backon Tuesday (February 6), to the committee discussion stage.

Argentine government He said He added that the announcement of support is in line with the proposal to direct resources to those who need them most through a card called SUBE that will provide 55% discounts on the social tariff. The government says it wants the money to reach users directly, without intermediaries.

“This decision is linked to the Fiscal Charter signed by the Governors and the national government from 2017 to 2018, in which they committed to phasing out differential subsidies in transport for the metropolitan area and stipulated that the provinces would determine the different compensation that each company received. You will need public transportationArgentine presidential spokesman Manuel Adorni said.

According to him, the aim of this procedure is “Stocks across the country“So be it.”For the benefit of some at the expense of others“.