Law On Strengthening The Sustainability Of Public Debt Provisions

Original Language Title: LEY DE FORTALECIMIENTO DE LA SOSTENIBILIDAD DE LA DEUDA PUBLICA DISPOSICIONES

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
image start infoleg site The Ministry of Justice and Human Rights
LAW ON STRENGTHENING THE SUSTAINABILITY OF PUBLIC DEBT

Law 27612

Provisions.

The Senate and Chamber of Deputies of the Argentine Nation, meeting in Congress, etc.

Law:

LAW ON STRENGTHENING THE SUSTAINABILITY OF PUBLIC DEBT

Article 1-The General Budget Law of the National Administration of each financial year shall provide for a maximum percentage for the issuance of public securities in foreign currency and under foreign law and jurisdiction in respect of the total amount of the emissions of public securities authorised for that financial year.

Any issuance of public securities in foreign currency and under foreign law and jurisdiction that exceeds that percentage will require a special law of the Honorable Congress of the Nation that expressly authorizes it.

Article 2-The International Monetary Fund (IMF), as well as any extension of the amounts of these programs or operations, will require a law of the International Monetary Fund (IMF). Honorable Congress of the Nation to approve it expressly.

Article 3-The issuance of public securities in foreign currency and under foreign law and jurisdiction, as well as the public credit financing or operation programs conducted with the International Monetary Fund (IMF), and the Any extension of the amounts of those programmes or operations shall not be eligible for the financing of current primary expenditure, with the exception of the extraordinary expenses provided for in Article 39 of the Law 24.156 Financial, considering within this classification those defined in the Classifier Economic of Expenditure.

Article 4-This law shall enter into force on the basis of its publication in the Official Gazette of the Argentine Republic.

Article 5-Commune to the national executive branch.

GIVEN IN THE SESSION HALL OF THE ARGENTINE CONGRESS, IN BUENOS AIRES, ON THE 11TH DAY OF FEBRUARY OF THE YEAR TWO THOUSAND TWENTY-ONE.

REGISTERED UNDER NO 27612

CLAUDIA LEDESMA ABDALLAH DE ZAMORA-SERGIO MASSA-Marcelo Jorge Fuentes-Eduardo Cergnul

ê 03/03/2021 N ° 11774/21 v. 03/03/2021