Milei veto helps to reconstruction of Bahía Blanca, a city affected by floods

The president of Argentina, Javier Mileihe decided to veto a law proposal aimed at creating an extraordinary fund intended for the help and reconstruction of Bahía Blanca, a city that suffered severe damage due to flooding in March. Natural disaster resulted in 18 significant deaths and financial losses, leading to the need for an investment of 200 billion Argentine pesos, equivalent to approximately R $ 934 million. The government’s justification for the veto is based on the lack of a clear indication of the origin of the necessary resources to finance the expenses provided for by law. The president’s spokesman Manuel Adorni stressed that the proposal contradicts the fiscal balance policy adopted by the current administration. He also mentioned that the government had already provided assistance to about 32,000 people homeless, with a single payment that could reach $ 2,500, or about $ 14,000.

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The proposal that was rejected included a series of support measures, such as subsidies, reduced interest credits, grace periods for payment of debt and tax exemptions for flood victims. The intense rains that hit the region double the annual precipitation average, resulting in damage that were estimated at about $ 400 million, or $ 2.1 billion. In response to the calamity, the federal government decreed three days of national mourning and mobilized the Army to assist in relief and recovery operations.

Posted by Sarah Paula
*Report produced with the aid of AI