Before the provinces, the Rosada proposes to assume 66% of the adjustment agreed with the IMF

The government proposes to the provinces to badume 66% of the total $ 300 billion that it intends to readjust, leaving the remaining 33% to governors. Thus, the Nation would badume the responsibility to adjust $ 200 billion while the provinces would support the reduction of about 90 billion pesos.

The ultimate goal is to reach next year the 1.3% budget deficit target, as agreed with the IMF. This reduction would be included in the draft budget for 2019, provided that Peronism accompanies the party in power.

Interior Minister Rogelio Frigerio and his Treasury counterpart, Nicolás Dujovne, are in charge of the talks. coordinate the work tables.

The idea was already advanced yesterday at the meeting held with the holders of the wallets of the economy where Cambiemos reigns. And today, Frigerio and Dujovne will receive, in two teams, officials from Córdoba, Tierra del Fuego, San Juan, Chaco, Salta, Neuquén, Misiones and Río Negro.

For the next week, the holders of the portfolios of Hacienda and the Interior have on their agenda meetings with the other provincial officials of Santiago del Estero, Santa Fe, La Pampa, La Rioja, San Luis, Santa Cruz, Catamarca, Tucumán and Formosa.

In the scheme developed by the government, the provinces should adjust a percentage similar to the one they would apply to the law of co-participation

Thus, the province of Buenos Aires, which was in principle spoken that he should make an adjustment that could reach 40,000 million pesos, with this methodology should cut half. Córdoba, $ 8100 million; Between Rivers, $ 4300 million and Mendoza, $ 3800 million

During this year, automatic shipments from the federal participation reached $ 20.997 million, an increase of 12.5% ​​over the previous year. first fortnight of last July

The government hopes that provincial leaders will take over health, education, security and transportation programs that "fit the provinces". It is estimated that the Nation's savings would rise to $ 90,000 million a year for functions that "are not their responsibility".

In the Government House, they point out that "the questions to be discussed are all open". one untouchable point: achieve the budget deficit target of 1.3% next year, as agreed with the IMF. This reduction would be provided for in the draft Budget 2019, as long as Peronism accompanies the party in power

. The plan, which will be forwarded by Dujovne and Interior Minister Rogelio Frigerio, to meetings to be held with the provincial finance ministers, the approval of the Chief of Staff Marcos Peña and the consensus of the political table of the government which integrates, in addition to Vidal and the mayor of Buenos Aires Horacio Rodríguez Larreta, the three radical governors: Alfredo Cornejo (Mendoza), Gerardo Morales (Jujuy) and Gustavo Valdés (Corrientes).

To achieve the 1.3% fiscal deficit goal, we will no longer talk about a shared effort, half-and-half, between Nation and Provinces, as it has progressed, but the Government will propose to cover 66% of the 300 billion pesos of savings needed to achieve the goal.

The maximum objective of the government of President Mauricio Macri, is to reach an agreement with the pro vincias and thus arrive at September 15, by which date the budget law will be presented to the congress, with l & # 3939; approval of governors.

If indeed the negotiations come true.