In focus
The draft bill declares a public emergency in administrative, economic, financial and energy matters for a term of one year and delegates various legislative powers to the executive branch.
Specifically, in its 238 articles and an annex, the Bases Bill proposes broad reform in the following areas:
- State reform
- Existing contracts and transactional agreements
- Promotion of registered employment
- Labor modernization
- Energy
- Incentive regime for large investments
- Social security
- Fiscal measures for an equitable and quality adjustment
Unlike the bill presented in December 2023, it does not include the ratification of the Necessity and Urgency Decree No. 70/2023, "Bases for the Reconstruction of the Argentine Economy," which was already rejected by the Senate and is pending consideration by the Chamber of Deputies.
The Chamber of Deputies also approved a tax reform with the "Palliative and Relevant Tax Measures," on which we will comment separately.
The Senate must now consider both bills. In future installments, we will send our additional comments on the various relevant issues in both bills.
Spanish version
