Government advances new university financing law

The Argentine government is promoting a new University Financing Law to compensate universities that have been demanding more budget for months. The initiative will enter via decree and be published in the Official Bulletin next Monday. It could be addressed in extraordinary sessions.

The Argentine government has announced the promotion of a new University Financing Law, aimed at addressing the demands for increased budget from higher education institutions, which have been claiming additional funds for several months.

According to available information, this legislative initiative will enter via decree and is expected to be published in the Official Bulletin next Monday. This could allow for its consideration in extraordinary sessions of Congress.

Public universities have expressed for months the need for adequate financing to maintain their operations and educational programs. This measure seeks to compensate for those budgetary shortfalls, though specific amounts are not detailed in the initial announcements.

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A large crowd of protesters marching in Plaza de Mayo demanding university funding compliance.
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Universities march nationwide demanding compliance with financing law

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Thousands of students, teachers and university authorities marched on Tuesday, May 12, in Plaza de Mayo and other cities across the country to demand that President Javier Milei's government comply with the University Financing Law.

The University of Buenos Aires organized a day of open classes on Tuesday at various faculties to highlight the importance of the University Financing Law.

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Argentina's Ministry of Capital Humano, led by Sandra Pettovello, formally notified national university rectors on Monday to detail measures ensuring academic continuity amid teacher and non-teacher strikes. The ministry voiced 'extreme concern' over suspended activities and demanded contingency plans, including virtual classes and rescheduling. This comes amid protests over the government's failure to implement the University Financing Law.

The Finance Committee of the Chamber of Deputies approved on Thursday the idea of legislating the national reconstruction megareform project. The initiative advanced with eight votes in favor from ruling party lawmakers, four against and one abstention from the PDG.

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Luis Caputo's ministry activated four fronts to obtain dollar funds and meet the next debt payment without turning to the international market.

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