Sunday, May 26, 2024
name of Prensa Latina
Bandera inglesa
English Edition
Close this search box.
name of Prensa Latina



Argentine Confederation questions Milei’s affirmations

Buenos Aires, Apr 23 (Prensa Latina) The General Confederation of Labor (CGT in Spanish) of Argentina questioned the statements made by President Javier Milei on the existence of a fiscal and trade surplus with accumulation of reserves.

In a statement, the CGT pointed out that in order to make such statements it is necessary to “analyze the complete data and explain the hidden mechanism of how it was achieved”.

In that sense, the CGT lists the actions that were carried out under such pretext and that, within the framework of a strong adjustment, harmed citizens.

The incomes of retirees fell by 40% in real terms in the last 12 months and were among the historically lowest records, worse than those of 2001, the message of that organization explains.

In addition, it indicates that the national Executive stopped transfers to the provinces (a 62% cut, adjusted for inflation), affecting essential services such as education and social security.

There was also a defunding of funds created to pay teachers and other sectors with essential functions.

On the other hand, there are outstanding commitments with energy and gas companies: “the Treasury does not comply with the contracts and accumulates a debt of around 2.2 billion dollars. If this situation is not regularized, the private companies could get into serious financial problems, putting at risk the normal supply”.

The CGT also denounced the de-financing of public education and the debts contracted with the universities, whose budget is not updated and the funds are not sufficient for the normal development of their activities, for which reason they will not be able to operate as from the second semester of this year.

Likewise, the Government ordered the interruption of public works, “delaying or discontinuing strategic projects, vital to reduce the expenditure on subsidies and energy imports”.

According to the CGT, this had, in addition, a social cost that meant the loss of an estimated 100 thousand jobs so far.