Argentina's vice president is found guilty of corruption
NPR Online NewsJUL 2022
As judicial decisions are mandatory, the federal government will comply with this flawed Supreme Court ruling. However, Pres. Fernández is right to stress that the decision will produce dire consequences, affecting mostly the rights of the country's provinces and the federal budget. The payment will be made with the only budgetary resource available for 2022, TX31 bonds, which have already been used to meet the federal debt with the province of Santa Fe.
Despite the federal government's ill-informed claims, the fact of the matter is that these jurisdictions will benefit here. The quota corresponding to CABA has only ever been deducted from funds linked to the national government in the primary distributions, and Mayor Larreta has announced a gross income tax decrease that will result in a greater increase on the taxable base for the income tax collection, which is shared between the provinces.