Interior Minister Guillermo Francos has added a new chapter to the fight between President Javier Milei and Chubut Governor Ignacio Torres for the cut in the sharing funds that the Nation has applied to the province of Patagonia.
Governor Torres demands a cut from the nation 13.5 billion dollars in the share received from Chubut. And the national executive responds that this cut is due to a debt that the province had and which had those co-participating funds as guarantee.
From Chubut, the governor’s version is that they made requests to the nation to refinance that debt and never received a response.
Having said that, they did it a request to issue new debt secured by royalties and to pay with those funds the debt they owe to the Nation. The province assures that there was no response to this request either.
This afternoon, through social network Francos provided the version taken from the Nation.
“On February 22, the Minister of Economy of Chubut sent me a note with a request a new debt operation consisting of the issuance of a bond intended entirely for the cancellation of the balance of the debt that the province maintains towards the FFDP”, in reference to the Provincial Development Trust Fund.
“Contrary to what the lieutenant governor said, We responded with an email dated February 23rd requesting the necessary documentation to proceed with the requested issuing operation., in compliance with current regulations. We await the response”, continued the minister.
“Once they respond, “We will analyze it and send it to the Ministry of Economy accordingly.”has strengthened.
The Treasury Palace approved this version. Questioned by this newspaper, they specified: “Evidently this is what Guillermo Francos says. They sent the debt issue request to the Provincial Secretariat of the Ministry of the Interior on Thursday the 22nd, and they responded the next day! It has not yet reached the economy, or even the Central Bank. “It’s really crazy what these people do…,” a high-ranking industry source told the paper.
The same thing happened at the Central Bank. In the monetary organization they made it clear that they will only receive the question of whether or not banks can buy the bond that Chubut wants to issue in this case. But this consultation takes place only after the Economy has authorized its issuance, not before. “That consultation doesn’t exist. The Central Bank does not intervene in these authorizations. It only tells banks whether or not they can buy the debt. Outside of banks, the BCRA has no jurisdiction,” they pointed out. That is, if an investor who is not a bank regulated by the Central Bank showed up, he could easily buy the bond.
Source: Clarin
