The Argentine Government decreed authorization to issue public debt instruments for up to two billion pesos (about 2,497 million dollars) to meet short-term obligations, as announced on Monday in the Official Gazette.
The measure is “to face the issues that are carried out during the current financial year, whose maturity occurs in 2024 and whose amortization period is less than 90 daysaccording to the financial conditions that the aforementioned Body determines,” he explained.
Besides, The administration of the new President Milei also decided to increase the amount for fiscal year 2023 by one trillion pesos (about US$1,248 million). for “Public Credit Operations with a Minimum Amortization Period of 90 days” and the increase of 4,000 million pesos (about US$4.99 million) in the amount authorized for this year to attend benefits.
The measure comes into effect upon publication in the Official Gazettel.