The Minister of Economy, Sergio Massa, will maintain on Monday a first working meeting with those responsible for the administration of the different ministries of the national Cabinet to analyze “investment priorities”according to the analysis of the budget of each portfolio, and schedule the management for the rest of the year.
The meeting takes on special importance if one takes into account that public spending had a year-on-year increase higher than the accumulated inflation in each period in every month of the first semester, so it will be a matter of coordinating with each area the priorities in the expenditures.
“We have made an appointment for Tuesday to all those responsible for the administration of ministries to give them the programming until the end of the year, so that they know the investment priorities and the spending ceilings”indicated Massa on his Twitter account.
We have summoned for Tuesday all those responsible for the administration of ministries to give them the programming until the end of the year, so that they know the investment priorities and the spending ceilings. pic.twitter.com/0dEawHktfW
– Sergio Massa (@SergioMassa) August 6, 2022
In the press conference that he offered on the day of his inauguration, Massa specified that the incorporation of agents to the public administration will be restricted and that periodically each department must present a sworn declaration of personnel.
In this sense, the National Statistics and Census Institute (Indec) is expected to publish the first publication of this report on Thursday, September 1.
The purpose of reducing spending is complemented by other measures that the Ministry of Economy will finish outlining in the course of this week, among which the establishment of the new rate charts for electricity, gas and running water servicesin order to reduce the weight of subsidies in the fiscal result.
appointments
This aspect is being addressed by the new officials in the area, after the announcement ofthe replacement of Darío Martínez by Flavia Royón at the head of the Secretary of Energy.
I announce that starting tomorrow Flavia Royón will join the team as Secretary of Energy, accompanied by Santiago Yanotti as Undersecretary of Electric Power, Federico Bernal as Undersecretary of Hydrocarbons and Cecilia Garibotti as Undersecretary of Planning.
– Sergio Massa (@SergioMassa) August 7, 2022
An Industrial Engineer with vast experience in business leadership, Royón had been serving as Secretary of Mining and Energy for the province of Salta, whose governor, Gustavo Sáenz, was Massa’s running mate in the 2015 presidential elections.
After his appointment in Energy, Royón thanked the governor on his Twitter account for “the trust placed from the beginning.”
Among other changes, santiago yanotti (Vice President of Cammesa) will succeed Federico Basualdo in the Undersecretary of Electric Power, Federico Bernal (Enargas comptroller) will replace Maggie Videla in the Undersecretary of Hydrocarbons and the World Bank consultant, Cecilia Garibotti, will assume as Undersecretary of Planning in place of Gonzalo Soriano.
The new officials will have to work against the clock to conclude this Thursday the new tariff scheme resulting from the entry into force of the segmentation by income levels, complemented by the consumption limit criteria by sector and geographical region.
This last factor is related to the peculiarities of regions such as Patagonia, with higher energy and gas consumption due to climatic issues, as well as the provinces of Chaco, Formosa, Corrientes and Misiones, which do not have access to the home natural gas network. and, consequently, demand a higher consumption of electricity.
Targeting will go into effect on September 1simultaneously with the caps established for water consumption, in those cases in which users have a metered service.
The agenda
Massa’s program of activities for the remainder of August will continue on Wednesday with the announcement that it will share with the head of the National Social Security Administration (Anses), Fernanda Raverta, of the increase in retirees and pensioners provided for in the Mobility Law , which will be complemented by extraordinary assistance.
For next week, on Tuesday the 16th, the launch of the Credit Program for the first export is scheduled and on Friday the 19th the signing of the contract with the Development Bank of Latin America (CAF, former Andean Development Corporation)
On Tuesday the 23rd, the CreAr (Argentine Credit) program will be launched, together with Banco Nación, the Investment and Foreign Trade Bank (BICE) and the Ministry of Industry.
Finally, on Friday, August 26, the program for universities will be announced with the Secretary of Knowledge Economy, Ariel Sujarchuk, and more than 20 universities from all over the country.
