After considering the fiscal package of the omnibus law lost, the Government kept its word and began to suspend the advance of transfers for the payment of salaries. The measure had already been anticipated last week by the Executive and This Monday it began to affect public organizations, such as universities and hospitals, with the postponement of salary payments.
“On the basis of a circular from the Central Bank of the Republic of Argentina ordered by the national authorities, The Banco de la Nación Argentina has informed our University that it will not be able to advancefrom this month and until further notice, the payment of salaries, as provided for in the agreement between our institution and the banking institution”, reported the National University of Rosario.
In this framework, the Study House noted that “the payment of salaries to the agents who will receive them from Banco Nación will be made when the National Treasury completes the transfer”. The University of San Juan also announced that it has postponed the payment of salaries due to the suspension of the advance granted by Banco Nación.
Posadas Hospital has adopted a similar measure in reporting that “due to a new provision of the Banco de la Nación Argentina that exceeds the administrative area of the hospital, the salaries corresponding to the month of January 2024 will come into force in the salary accounts of the staff from February 1 to 5, 2024” .
The Banco Nación measure responds to the government decision to limit the share of temporary advances to finance the payment of salaries of the non-financial public sector, a Central Bank rule created in October 2019 during the administration of Mauricio Macri and which has been renewed year after year, but which the authorities have now decided not to renew.
“The Central Bank informs us that the extension of the authorization for provinces to borrow from provincial banks has been left off the agenda. mechanisms that they often used to meet urgent financial needs“said the presidential spokesman, Manuel Adorni, in a press conference this morning at Casa Rosada.
In reality, the A7674 communication not only reaches the provincial banks that had that margin of “financial assistance” for the payment of salaries in the non-financial public sector, but also the public bodies that have already exhausted the quota to finance that expense. “It not only affects universities, but also ministries and other organizations,” official sources confirmed.
The official decision fell as a bomb in the province who depend on advances from provincial banks or Banco Nación to cover a delicate item, such as salary payments in the midst of rising inflation. In some districts such as Catamarca, they have already begun to acknowledge receipt of the closure of the tap by the Nation.
The restrictions on the payment of salaries come after the failure of negotiations in Congress which forced the government to withdraw the fiscal package of the omnibus law and to announce last Friday “a greater adjustment for politics, the nation and the provinces”. With these new measures, the Minister of Economy, Luis Caputo, aims to achieve the “zero financial deficit” agreed with the IMF.
Source: Clarin
