Co-participation: the Buenos Aires Executive denounced the national government for “non-compliance” and rejected the payment with bonds

After the announcement of President Alberto Fernández to abide by the ruling of the Supreme Court of Justice of the Nation (CSJN) despite his “disagreement” with the precautionary measure, the head of the Buenos Aires Government Horacio Rodríguez Larreta made a presentation to the highest court denouncing “non-compliance” by the National Government of the precautionary measure that ordered the restitution of 2.95% of the mass of co-participable funds to the Government of the City of Buenos Aires. He also rejected the payment in bonds that the head of state advanced this afternoon, considering that the resources “cannot be replaced discretionally by another form of financing.” This afternoon, after several meetings with the small table of Together for Change, the mayor of Buenos Aires released a statement in which he said: “The Executive Branch still does not comply with the ruling of the Supreme Court of Justice by not complying with the order of the highest court in its response to the precautionary measure presented by the City Government.” In that sense, the GCBA said that on Monday a brief was delivered to the Court in which it was informed about “the breach of the ruling” and asked “that the necessary means be arbitrated so that it is complied with.” It was also reported that the district Attorney General’s Office, headed by Gabriel Astarloa, was instructed “to initiate a criminal complaint against the officials responsible for not complying with the ruling.” The measure adopted by Rodríguez Larreta was officially communicated after the announcement of President Alberto Fernández to “reallocate” funds from the 2022 Budget to transfer to an account of the National Bank in the name of the Buenos Aires Government to comply with the precautionary measure issued by the Supreme Court, pending the final ruling on the dispute over co-participation. In turn, the President affirmed that the payment would be made through TX31 bonds, as well as the transfers made to Santa Fe. That point was rejected by the Buenos Aires Executive, which indicated that “the resources of the co-participation are extrabudgetary, must be transferred daily and cannot be replaced at their discretion by another form of financing.” In this way, what the Buenos Aires government expects is that the money is transferred and not that it is paid with debt securities that mature within 9 years, as reported today by the House Rosada.Al regard, the Buenos Aires Government insisted that “the sentence does not affect the funds received by the provinces.” And he concluded that “as established by republican norms in a country with division of powers, rulings are complied with, not interpreted.”

Original source in Spanish