In addition to defining the delivery at no cost to its employees of 100% of the share capital of Aerolíneas Argentinas , the Decree of Necessity and Urgency prepared by the government of Javier Milei proposes transforming all State companies into public limited companies, and then eventually privatizing them and deliver them to the highest bidder. Excluding those in the financial sector, where the holdings of Banco Nación and Banco BICE stand out, the State has 33 non-financial public companies under its control. According to the latest data published by the National Budget Office of the Ministry of Finance and corresponding to the period January-Septemof the 33 companies, only seven obtain operating income that exceeds their expenses that is, they achieve an operating surplus.
The others need the help of the Treasury so that Malaysia Phone Number List the numbers close. Treasury aid, of course, comes from tax collection. That is to say that these companies are standing thanks to the contribution of money from all Argentines. In the first nine months of this year, the operating deficit of all public companies rose to $1.12 trillion pesos, equivalent to about US$4,533 million dollars taking the average official exchange rate. In any case, on the official Open Budget website it is reported that companies received funds, until last week, for around US$5.7 billion, adding operating and capital expenses.
Among the capital expenditures, the financing of the Néstor Kirchner gas pipeline and the infrastructure investments in AYSA stand out. As has already been reported in previous notes published by Noticias , and as stated in the Treasury report, “the main expenditure of non-financial public companies responds to the Energy, Fuel and Mining function, followed by Transportation. On the energy, fuel and transportation side, what explains the deficit is the subsidy policy . Energy is imported at market price and sold cheaper to the local market. Transportation is all the trains spend and they cannot compensate it with what they charge passengers.