Buenos Aires mayors seek flexibility in municipal emergency fund

The Regional Forum of Mayors for Growth and Development submitted a note to the Buenos Aires provincial Chamber of Deputies requesting authorization for free use of the Municipal Emergency and Investment Strengthening Fund resources to cover current expenses.

On Thursday, FRICDe representatives delivered the document to provincial legislators, including Alejandro Dichiara and Alexis Guerrera. Mayors Franco Flexas, Javier Gastón and Maximiliano Suescun led the delegation and described a sharp drop in municipal revenues alongside rising operating costs.

The fund, created by Law 15.561 and regulated in April through Decree 358/26, allocates 70 percent of its resources with free availability and directs the remaining 30 percent to specific infrastructure, transport and culture projects. The mayors requested that, on an exceptional basis, that 30 percent also be used for current expenses.

Government minister Carlos Bianco stated that the Executive cannot change the law but does not oppose the Legislature doing so. During the meeting, they agreed to form a joint working group to analyze possible modifications.

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Chamber President Jorge Alessandri on TV announcing megarreforma bill's progress to Senate amid poll data and economic revival themes.
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Alessandri projects megarreforma's advance to Senate in June

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Chamber President Jorge Alessandri (UDI) estimated that the National Reconstruction and Economic Development bill could reach the Chamber floor in May and the Senate in June. In an interview on Canal 13's Mesa Central, he criticized the opposition for labeling the initiative as benefiting the 'super rich' and called for broad agreements to revive the economy. A Criteria poll showed 38% approval for President José Antonio Kast and divided opinions on the project.

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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Provincial deputy Santiago Pérez Pons filed a criminal complaint against Mayor Bruno Cipolini and his economic team for irregularities in handling public funds invested in risky stock instruments. The accusation alleges embezzlement and lack of authorization, amid deficit budgets. The municipality defends its actions as legal and plans to recover the lost funds.

President Gustavo Petro declared an economic emergency to address the crisis from heavy rains in northern Colombia. The measure aims to raise $8 billion through a temporary wealth tax on large companies and other levies. Critics question the management of existing resources and warn of economic impacts.

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More than 60 opposition mayors, including from Maipú, Estación Central, and Recoleta, issued a joint statement criticizing President José Antonio Kast's National Reconstruction Plan following its national broadcast unveiling. Building on earlier senator critiques, they called it an indirect tax reform benefiting large companies and the wealthy amid rising living costs, urging a vote against it.

The Colombian government holds a Council of Ministers in Montería to coordinate responses to floods in Córdoba, triggered by heavy rains and discharges from the Urrá reservoir. Urrá's board appointed Enrique Kerguelen Méndez as interim president after Julián Acevedo's resignation, amid criticism from President Gustavo Petro. Proposals include a new economic emergency and use of unspent royalties to address the crisis.

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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.

 

 

 

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