Chubut advances in joint audit with Nation on pension debt

Governor Ignacio Torres confirmed the start of a joint audit with the national government to review the pension debt exceeding 50 billion pesos, while the judicial claim before the Supreme Court continues. The measure aims for an agreement to ensure compliance with the law and regularize overdue payments to the provincial pension fund. The announcement came after a meeting with Interior Minister Diego Santilli.

Chubut's governor, Ignacio Torres, announced that the province will begin a joint audit process with the national government regarding the accumulated debt with the Chubut pension fund, which amounts to over 51 billion pesos. This debt, dating back to 2017, relates to contributions the Nation was supposed to transfer to fund the provincial pension system, supported by local workers' and taxpayers' contributions. Torres stressed that the claim directly affects Chubut retirees and seeks compliance with legal commitments.

The announcement followed a meeting with Interior Minister Diego Santilli and was shared on social media. In his post, Torres stated: "I had a very good meeting with the Interior Minister, @diegosantilli, where, aside from the judicial claim initiated for the Nation's debt with our provincial pension fund, over 50 billion...". At the end of December, the provincial government confirmed it would take the case to the Supreme Court of Justice of the Nation through the State Attorney's Office.

Chubut's Executive clarified that the audit runs parallel to the judicial claim, without abandoning it. The goal is to gather consolidated information to advance toward a comprehensive solution, combining the judicial process with potential negotiations. This historic conflict highlights tensions between provinces and the national State over pension funding, impacting the sustainability of regional retirement systems.

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Illustration showing the suspension of a 25 trillion peso pension transfer by Colombia's State Council, with judges, documents, and concerned citizens.
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State council suspends transfer of 25 trillion pesos in pension reform

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The State Council provisionally suspended Decree 415 of 2026, which authorized the transfer of resources from private funds to Colpensiones. The measure affects 120,000 affiliates and completely freezes the transfer of nearly 25 trillion pesos.

Javier Milei's government will authorize coparticipation fund advances to 12 provinces facing fiscal difficulties via decree, at a rate close to 15%. The measure addresses falling tax collections and aims to prevent salary payment issues. Officials note the rate is below market levels.

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The State Council suspended the transfer of 5 trillion pesos from pension fund administrators to Colpensiones. The government expressed deep concern over the impact on pension payments. President Gustavo Petro criticized the decision and announced legal action.

The Chamber of Deputies' Finance Committee began on Tuesday the detailed discussion of President José Antonio Kast's reconstruction and economic reactivation megareform, amid tensions over more than 1,295 amendments filed by the opposition.

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Finance Minister Jorge Quiroz presented the first-quarter 2026 Public Finance Report and accused errors in the previous government's debt projections.

Leaders from CGT and CTAs support Buenos Aires Governor Axel Kicillof's presidential bid for 2027. They met in La Plata on Monday to address the loss of provincial labor oversight due to national labor reform. Kicillof called the government's actions unconstitutional.

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After the Constitutional Court struck down the December 2025 emergency economic decree, the Colombian government will present a tax reform to raise $16 trillion. Finance Minister Germán Ávila and President Gustavo Petro confirmed the plan in response to the fiscal imbalance. The measure aims to avoid cuts to social spending and address inherited deficits.

 

 

 

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