Argentinian Government assured that next week it will eliminate the Wheat Trust, which controlled the price of flour

게시됨 2024년 3월 29일

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The Argentine government, under President Javier Milei, has announced the termination of the Argentine Wheat Stabilizing Fund (FETA), marking the first of 29 Trust Funds to be eliminated in an effort to reduce public spending. This move, confirmed by presidential spokesperson Manuel Adorni, is part of Milei's broader strategy to dismantle what he views as 'black boxes of politics' that misuse public funds. Initially established in March 2022 to help stabilize domestic wheat prices and support the Fair Prices program, the FETA's elimination is a step towards streamlining state financing and cutting down on the reliance on trust funds, with the government aiming to address nearly USD 2,000 million in spending through the elimination of 9 of these funds by decree.

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원본 콘텐츠

The national government announced that next week it will eliminate the first of the 29 Trust Funds that depend on money from the National State. As Infobae learned, it is the Argentine Wheat Stabilizing Fund (FETA). “We had announced the desire to end each of the Trust Funds that depend on money from the National State. Next week the first of them will be formally eliminated: 69,000 million pesos were senselessly squandered,” reported presidential spokesperson Manuel Adorni, through his X account. Adorni did not give more details, but this medium confirmed from Casa Rosada sources that it is FETA. In this way, progress is made with one of the Government's main objectives in its mission to cut public spending. “If I have them within reach of a decree, write it down, because they are a ballot,” President Javier Milei had stated in mid-February in an interview in relation to the trust funds whose possible elimination had been included in the failed Base Law. “They are all black boxes ...

출처: Infobae