Macroeconomy/Finance

Fernández orders financial support to struggling provinces

The economy ministry authorised financing worth 5.6 billion pesos ($94 million) for the provinces of Chaco, Chubut, Tucumán, Río Negro and Santa Cruz, and 2 billion pesos to the province of Chaco where the local government has faced difficulties to pay salaries for months and forced to underspend on some budget items. More provinces are likely to request financial aid from the federal government at a time when the situation is also affecting their capacity to move forward with public works projects.

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Source: BNamericas