The 41 Argentine public companies that appear in the macro bill sent on Wednesday by the Government of Javier Milei to the National Congress will not necessarily be privatized, as the presidential spokesperson clarified this Thursday, Manuel Adorni.
“That companies are subject to privatization does not imply that they will be privatized. There are companies that must be cleaned up, but they would be impossible to privatize.“, the spokesperson stated in a press conference held at the Pink House.
Among the public corporations that appear in the first annex of the bill are companies from various sectors, sizes, income and commercial sector.
Some, like the Bank of the Argentine Nation and Argentinian airlines They are entirely property of the State.
In the case of the South American country’s flag airline, President Milei and some of his representatives have expressed their interest in handing ownership over to the employees.
The case of the oil company is very different. YPF, one of the main companies in the country, which has the status of a public limited company and in which the Argentine State and the hydrocarbon-producing provinces own 51% of the shares. The remaining 49% are listed in the Buenos Aires Stock Exchange.
YPF was acquired in 2013 by the State during the Government of Cristina Kirchner (2007-2015) in a controversial operation that ended in the US courts, where Argentina was sentenced to pay 16 billion dollars.
MORE INFORMATION: Milei seeks broad powers to govern an Argentina in “emergency” without the approval of Congress
Javier Milei recently anticipated in a television interview that this amount will be paid through an annual tax that will be called ‘Kicillof rate‘, in reference to Axel KicillofMinister of Economy during the expropriation of YPF, current governor of the province of Buenos Aires and one of the most visible faces of opposition Peronism.
Asked about the concerns of public employees of companies that could be privatized, Adorni asked workers to “be quiet”.
“If it is essential (the company’s activity) I don’t see why (the employees) should lose their jobs.“said the spokesperson in this regard.