The Senate will ratify its authorities and make the Fiscal Consensus into law

The Senate will try to ratify this Wednesday the economic laws sent by the Executive Power and the Fiscal Consensus signed between the national government and the provinces, in a special session in which they must also confirm their authorities for the new legislative year.

The vice president Cristina Fernandez signed last Friday the decree to call a preparatory session for Wednesday at 2:00 p.m. and an hour later the call to the last extraordinary special session of the year to enact laws with incentives for science and construction, approve ambassadors’ documents and endorse a compensation to relatives of victims of submarine ARA San Juan.

In high school, the ruling party will revalidate the mandate of the Senator of the Frente de Todos for Santiago del Estero, Claudia Ledesma Abdala, as provisional president of the Senate, and the opposition of Together for Change will keep the radical Martin Lousteau as vice president, reported parliamentary sources. The senator for Missions of the Renewal of Concord Front will also continue in office, Maurice Closs, and the senator from PRO Laura Rodriguez Machado, as first and second vice presidents of the Chamber.

In the same preparatory session, prior to the opening of the ordinary session, which will be inaugurated by the president Alberto Fernandez On March 1, legislators will ratify Marcelo Fuentes as parliamentary secretary, to Maria Luz Alonso as administrative secretary already Juan Tunessi as deputy parliamentary secretary.

Once the election of the authorities is concluded, the senators will hold the last extraordinary session of the year, in which they will seek to turn into law bills with the sanction of the Chamber of Deputies.

First, the senators will debate the Fiscal Consensus signed between the president Fernandez and the governors, which grants 70 billion pesos to the provinces to reactivate their economies, prohibits the increase in public debt and suspends legal proceedings for the distribution of the Federal Coparticipation.

The understanding was signed on December 4 last in an act that took place in the Pink House. Almost all the provinces signed the agreement. They did not San Luis and La Pampa, who offered their support but did not sign the document because they had not adhered to the previous fiscal pact, and the Buenos aires city, faced with the national government for the reallocation of coparticipable funds.

In the second of the projects, driven by the Executive power In order to reactivate the works in the private sector, investments destined to the construction of new buildings are exempted from the Personal Property tax for two years and a tax credit is granted to compute against this tax equal to 1% of the amount invested.