Javier Miley will travel to the United States to attend an event with Donald Trump and upon his return will take action against the trusts

president Javier Miley I decided to quit Trust fundswhy the omnibus law did not receive the support that the government expected and why the ruling party decided to withdraw the reform package from Congress, but first it plans to focus on what it calls the “cultural battle” and participate in the series of events in Argentina and the United States.

First, the National President will travel next Monday to Corrientes to attend the celebrations of the tenth anniversary of the Liberty Club Foundation, which will be held at the Espacio Andes Hall, located on Maipú Street at number 3840.

The Head of State will be the main speaker for the day, which will begin at 7 p.m., although he plans to speak an hour after the speech. Alberto Medina MendezPresident of the Foundation, and Alberto Benegas Lynch JrWhich will be presented via video.

According to what he can know informationMiley will travel to the capital, Corrientes, on a scheduled plane, and at the moment is not scheduled to hold a meeting with the local governor. Gustavo ValdezAlthough he did not rule out that there would be a picture with the extremist.

After the event ends, the president will return to Buenos Aires, and after only 24 hours, he will leave on Wednesday for Washington to participate in the conference. Conservative Political Action Conference (CPAC)as it will coincide with Donald Trump.

As these media outlets expected, the liberal will speak about the global economy and the control of monopolies, while the former US president will deliver a political speech that marks the beginning of his presidential career as a candidate for the Republican Party.

In addition to Trump, Miley will meet there with important figures from the international right, such as the leader of the Fox Party, Santiago AbascalWith whom he has a good relationship; Nigel FarageMexican, former member of the European Parliament and main promoter of Brexit Eduardo Verastegui And many former US senators and officials.

On this occasion, the Argentine President is preparing a technical speech presenting his point of view on markets, monopolies and regulations imposed by the states. The presentation is based on his latest book and will have a similar format to his controversial thesis at the Davos Forum.

Upon his return, according to official sources informationHe will announce strong measures against trust funds, one of the issues that has been on the agenda in recent days based on the Head of State's criticism of this mechanism.

In fact, in recent television interviews, the President has already hinted that he is able to cancel some of these credits through decrees of necessity and urgency, while analyzing how to limit the operation of those funds that cannot be closed under this method.

Technically, a trust is a legal instrument that involves three main parties: settlor, trustee, and beneficiary. The first of them transfers certain assets or property to the second, who manages them, according to the terms stipulated in the contract, for the benefit of the latter.

In practice, rulers and the nation have used this legal mechanism, which has fewer controls, on several occasions so that they can proceed with various projects – such as public works. Which was not thought of in the annual budget approved by Congress.

“All these Ronflas are worth 20,000 million dollars. They are all black boxes of politics. This has to be finished. This makes a lot of people very nervous. There are many political agents who make a living from this,” Miley explained in an interview with. LN+.

currently, There are at least 29 mutual funds that have been in operation for decadesSuch as those created to finance programs to strengthen some productive sectors or even the “Procrear” plan aimed at building homes for modest sectors.

Other than the provisions contained in the Budget Law, which is approved each year by the House of Representatives and the Senate, these funds may not be modified or allocated for any purpose other than the purpose specified in the contract.

Likewise, the funds in question are managed by officials appointed for this task, but they do not have to submit to the same oversight mechanisms as other forms of financing to ensure their transparency.

When the omnibus law was debated, the government suspended the session, specifically, when the Council rejected subsection H of Article 4, which gave the president the power to “transfer, amend, consolidate or abolish specified mandates.” Trusts established under regulations with legal status, including those for subsidies, review their source and destination to achieve greater rationality, efficiency, effectiveness, transparency and control in the use of public resources.

Among the most frequently asked questions by the current administration is: Fund for Urban Social Integration (FISU)which grants cooperatives of social organizations 9% of the capital allocated to promoting the development of settlements registered in the National Register of Popular Neighborhoods.

Trust funds created for Procrear, the Productive Development Fund (Fondep), the Argentine Wheat Stabilization Fund, and the Water Infrastructure Fund, among others, were also highly suspect.

About nine of those, Miley was able to take out with just a DNUWhile others believe that the matter requires a law, although the ruling party is studying all possible ways to end these mechanisms, and the decision will be announced when Miley returns to Argentina from the United States.